Bitwise Asset Management has acquired London-based Ethereum staking provider Attestant, allowing it to enter the Ethereum staking market and expand its portfolio beyond bitcoin ETFs.
Attestant manages $3.7 billion in assets, and this acquisition increases Bitwise's total assets under management to more than $10 billion and allows it to expand its staking capabilities for its clients.
The acquisition reflects the growing interest of institutional investors in #Ethereum , allowing Bitwise's clients to generate revenue from betting, maintain network security and position Bitwise as a major player.
Bitwise Asset Management, a well-known player in the cryptocurrency investment space, has taken an important step by acquiring Attestant, a London-based Ethereum betting service provider. The acquisition marks Bitwise's strategic entry into the Ethereum betting market and expands the company's portfolio beyond its core service, #Bitcoin ETFs.
Attestant is known for its trust-free Ethereum betting service and manages $3.7 billion in assets. With this acquisition, Bitwise's total assets under management will exceed $10 billion.
By integrating Attestant's Ethereum betting expertise, Bitwise will be able to offer customers enhanced betting options and meet the growing demand for a variety of crypto investment options.
Emphasizing the importance of the acquisition, Hunter Horsley, CEO of Bitwise Asset Management, said:
This is a new chapter for Bitwise. Our clients now expect scale, and the addition of Attestant's Ethereum stacking service fits perfectly with our mission to provide comprehensive crypto investment solutions.
The acquisition comes at a time of growing institutional investor interest in ethereum. More and more investors see Ethereum as a viable alternative to bitcoin due to its robust ecosystem and ability to earn rewards for betting.
The acquisition of Attestant by Bitwise reflects this trend.
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