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Bitwise Ventures into Ethereum Staking with Attestant Acquisition

Key Takeaways

  • Bitwise acquires Ethereum staking provider Attestant to diversify its crypto offerings;
  • Attestant oversees $3.7 billion in Ethereum for international institutions;
  • CEO Hunter Horsley highlights the firm's commitment to delivering extensive capabilities to meet client expectations.
Bitwise Ventures into Ethereum Staking with Attestant Acquisition

Bitwise Asset Management, a company renowned for its expertise in Bitcoin BTC $101,690.37 spot exchange-traded funds (ETFs), took a step into the Ethereum ETH $3,921.55 staking market by acquiring Attestant, a well-regarded staking services provider.

This acquisition serves as a gateway for Bitwise to widen its portfolio within the cryptocurrency sector, expanding its range beyond its traditional focus.

A day before the Attestant acquisition, Bitwise introduced the Bitwise Aptos APT $14.07 Staking ETP (APTB). Scheduled for listing on Switzerland’s Six Swiss Exchange on November 19, the Aptos Staking ETP represents Bitwise’s commitment to expanding its staking-based products.

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Attestant has gained a strong foothold in Ethereum staking, particularly catering to non-US-based institutional clients. Currently managing $3.7 billion in Ethereum assets, the firm has attracted investors who seek reliable staking solutions outside the United States.

Bitwise’s CEO, Hunter Horsley, emphasized the importance of this acquisition, referring to it as a “new chapter” for the company. Horsley highlighted that modern clients increasingly expect a wide-ranging portfolio of offerings from asset management firms, indicating that Bitwise's action aligns with market expectations for scalability and versatility in services.

With these recent steps, Bitwise shows its interest in staking solutions, aiming to support clients in benefiting from the growth of Ethereum and other crypto assets through secure and institutional-grade platforms.

In other news, PayPal's USD stablecoin connects Ethereum and Solana networks through LayerZero integration. Could this integration make crypto payments more accessible? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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