Bitwise acquired the institutional Ether staking service provider Attenstant for an undisclosed amount.
Bitwise Asset Management, known for its spot Bitcoin exchange-traded funds (ETFs), is expanding into Ethereum staking through its acquisition of staking service provider Attestant, Bloomberg reported on Nov. 13.
According to Bloomberg, Bitwise acquired Attestant to expand beyond its core businesses in the crypto space. Attestant handles $3.7 billion in assets for institutions outside the United States looking to engage in Ether (ETH) staking.
The deal, with terms undisclosed, brings Attestant’s team of 11 into Bitwise and marks a new venture for the Bitcoin ETF provider. Bitwise CEO Hunter Horsley called the move a “new chapter,” adding that clients now expect firms to provide broad capabilities at scale.
