According to TechFlow, on November 13, Bitwise Asset Management Inc. has acquired Ethereum staking service provider Attestant, aiming to expand beyond its core business. The specific terms of the transaction have not yet been disclosed. After the transaction is completed, Bitwise's asset management scale will reach US$10 billion.
In addition, 11 employees from Attestant will join Bitwise.
“We’re now entering a new chapter of maturity in this space, and I think at this stage, what’s most useful to clients is they want you to achieve a certain scale and provide a broad range of capabilities,” Bitwise CEO Hunter Horsley said in an interview.
He added that while currently one in five Bitwise clients want to stake their tokens to earn yield, in a few years most clients may want to do so.
