Bitwise Wagers on ETH Staking with Attestant Acquisition

Bitwise Asset Management has acquired London-based Attestant Limited, an institutional-grade Ethereum staking provider with $3.7 billion in staked assets. The acquisition allows Bitwise, which runs the $2.71 billion Bitwise Bitcoin ETF (BITB), to add Ethereum staking to its lineup of exchange-traded products, private funds, and hedge fund solutions. The move is part of San Francisco-based Bitwise’s strategy to deepen its offerings for high-net-worth and institutional clients.

The Attestant team and products will be rebranded to form Bitwise’s new Onchain Solutions group, or “Bitwise OS”, which will focus on improving its Ethereum services, building staking services for select additional protocols, and continuing to contribute to the open-source community, the company said. Initially, staking services through Bitwise Onchain Solutions will be available with a minimum stake of $10 million.

“We want Bitwise to be the best possible partner to investors in the crypto space,” said Bitwise CEO Hunter Horsley. “This acquisition allows us to expand the ways we can help investors meet their objectives. The Attestant team and product are best-in-class, and we’re excited to build on this solution for clients.”

The core Attestant team will join Bitwise, including co-founders Sreejith Das, Jim McDonald, and Steve Berryman. With the deal, Bitwise now has more than 90 employees across the U.S. and Europe.

Bitwise considers itself “the largest crypto index fund manager in America” as it partners with “thousands of financial advisors, family offices, and institutional investors” to help them better understand and access crypto, according to the firm’s website.

Galaxy Digital Partners LLC served as exclusive financial advisor to Attestant for this acquisition.