FalconX Executes Over 30% of All BTC Creation Transactions for ETF Issuers on First Day of Trading

FalconX, a leader at the intersection of digital assets and traditional finance successfully executed over 30% of total BTC creation purchases on behalf of ETF sponsors during the inaugural day of trading.

FalconX, a leader at the intersection of digital assets and traditional finance successfully executed over 30% of total BTC creation purchases on behalf of ETF sponsors during the inaugural day of trading.

Executing over $230 million of the market's $720 million day one ETF creations, FalconX is proud to have been chosen as a Liquidity Partner for leading ETF sponsors.1

"We are delighted to be a platform of choice for ETF issuers and regulated market participants venturing into digital assets," said John Roglieri, Head of Capital Markets at FalconX. "We look forward to strengthening our foothold in the space and to continuously adding to our suite of new and innovative products aimed at strengthening and advancing the ETF ecosystem."

FalconX's principal liquidity and prime brokerage platform enables institutions to transact digital assets at scale, which powered the firm's 2.25x Y/Y growth while global exchange volumes fell -38% in 2023. Leveraging deep institutional expertise, and a commitment to security, accessibility, and regulatory compliance since its inception in 2018, FalconX is uniquely positioned to guide the industry through its initial steps toward widespread adoption of digital assets.

1First-day inflow numbers for spot Bitcoin ETFs launched on January 10, 2023 calculated by Bloomberg Intelligence. Number subject to change based on the time lag for updates in public data reflecting creation/redemption activity.

Share article
Disclaimer

This material is for informational purposes only and is only intended for sophisticated or institutional investors. This material is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this material is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. This material does not constitute investment advice. To the extent permitted by law, FalconX does not accept any liability arising from the use of this communication. This material may contain information regarding structured products which involve over the counter derivatives. Pursuant to the Dodd-Frank Act, over the counter derivatives are only permitted to be traded by “eligible contract participants” (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not invest in a structured product unless you are an ECP as relevant and fully understand and are willing to assume the risks associated with the product. Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. FalconX Limited is a registered Class 3 VFA service provider under the Virtual Financial Assets Act of 2018 with the Malta Financial Services Authority. FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Foxtrot Pte Ltd and FalconX Golf Pte. Ltd. are not regulated by the Monetary Authority of Singapore.

News, directly from FalconX