Key Points
- Bitwise acquires Attestant to expand Ethereum staking capabilities.
- With over $10B in managed assets, Bitwise aims to lead staking services.
- Ethereum staking demand surges; Bitwise’s new suite offers innovative access.
- Bitwise’s staking-focused ETP on Aptos Network set to launch on Nov 19.
In a landmark move for Ethereum staking, Bitwise Asset Management’s recent acquisition of Attestant Limited is set to reshape the staking landscape.
With over $10 billion in managed assets, Bitwise is expanding its stake in the digital investment market, empowering investors to access new staking products and innovative returns.
Ethereum staking—where ETH holders lock their tokens to support network security and earn rewards—is growing in popularity.
With around 35 million ETH currently staked and valued at over $100 billion, Bitwise’s acquisition of Attestant places the firm in an advantageous position to capitalize on this trend.
This move is not just about bolstering Ethereum staking offerings but also about expanding Bitwise’s reach into a diversified range of digital assets.
Today, we’re pleased to announce that Bitwise has acquired Attestant, a leading non-custodial institutional-grade Ethereum staking provider with $4 billion in staked assets.
The acquisition brings total Bitwise client assets above $10 billion.
The business will be rebranded to… pic.twitter.com/XKAiztu1Dz
— Bitwise (@BitwiseInvest) November 13, 2024
Why Bitwise’s Ethereum Staking Move Matters
With Bitwise’s acquisition of Attestant, the firm is now able to offer Ethereum staking options that appeal to a growing pool of investors.
CEO Hunter Horsley emphasized that “this acquisition allows us to expand the ways we can help investors meet their objectives,” highlighting Bitwise’s dedication to providing investors with innovative tools to maximize their returns.
Staking Ethereum involves holding a minimum of 32 ETH, a requirement many retail investors cannot easily meet. However, Bitwise’s new range of staking products aims to simplify access by offering professional-grade services, including a $10 million minimum stake option for its more advanced investors.
Through this acquisition, Bitwise is positioned as a major player in Ethereum staking, which could attract larger institutional investors and offer greater liquidity and stability to Ethereum’s staking ecosystem.
Ethereum staking offers rewards as a form of passive income, appealing to long-term crypto investors seeking steady returns. With the growing interest in DeFi and blockchain-based income strategies, Bitwise’s acquisition enhances its ability to cater to the Ethereum community and its financial needs.
Expanding Staking Products for Diversified Opportunities
Beyond Ethereum staking, Bitwise has its sights set on expanding to other digital assets. Bitwise recently announced a staking-focused exchange-traded product (ETP) based on the Aptos network token (APT), scheduled for launch in Europe on November 19.This Aptos ETP is expected to yield a 4.7% annual return, supported by staking activities.
As Ethereum staking attracts attention, Bitwise’s broadening product suite allows crypto investors to access a diversified range of staking opportunities beyond Ethereum.
These offerings present options for a wide variety of risk profiles, allowing investors to benefit from staking yields across different blockchain networks.
Bitwise’s Strategic Position in Ethereum Staking
The demand for Ethereum staking and digital asset yield products continues to surge, and Bitwise’s acquisition of Attestant is a strategic move to stay ahead of the curve.
By offering advanced staking products through its Bitwise OS platform, the firm provides investors with professional-grade, high-reward Ethereum staking solutions that align with the future of digital asset investments.
As Bitwise diversifies its staking products across different networks, investors stand to gain greater choices and potentially higher returns, positioning Bitwise as a major player in the Ethereum staking market and beyond.
