Bitwise Acquires Non-Custodial Attestant, Expanding Ethereum Staking Services with $4 Billion in Assets and $10 Billion Total

Nov 13, 2024, 09:13 AM

Bitwise Asset Management, a prominent crypto exchange-traded fund issuer, has acquired Attestant, a non-custodial Ethereum staking service, as part of its strategy to diversify its business operations. The acquisition is significant as Attestant manages $4 billion in staked Ethereum assets, which will enhance Bitwise's position in the institutional crypto market. Following this acquisition, Bitwise's total client assets will exceed $10 billion. The move is expected to facilitate the development of staked Ethereum ETFs, which are anticipated to offer better profit margins and attract traditional finance interest in Ethereum.