TechFlow news — On November 13, Bitwise Asset Management Inc. acquired Ethereum staking provider Attestant, aiming to expand beyond its core business. Specific terms of the deal were not disclosed. Following the transaction, Bitwise’s assets under management will reach $10 billion.
Additionally, all 11 employees from Attestant will join Bitwise.
Bitwise CEO Hunter Horsley said in an interview: “We’re now entering a new chapter of maturity in this space, and I think at this stage, what’s most valuable to clients is having a certain scale and offering a broad set of capabilities.”
He added that while currently one-fifth of Bitwise’s clients are interested in staking tokens to earn yield, in a few years, the majority of clients may have this need.
