Bitwise Ventures into Ethereum Staking with Attestant Acquisition

This acquisition serves as a gateway for Bitwise to widen its portfolio within the cryptocurrency sector, expanding its range beyond its traditional focus.

A day before the Attestant acquisition, Bitwise introduced the Bitwise Aptos APT $5.17 Staking ETP (APTB). Scheduled for listing on Switzerland’s Six Swiss Exchange on November 19, the Aptos Staking ETP represents Bitwise’s commitment to expanding its staking-based products.

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Attestant has gained a strong foothold in Ethereum staking, particularly catering to non-US-based institutional clients. Currently managing $3.7 billion in Ethereum assets, the firm has attracted investors who seek reliable staking solutions outside the United States.

Bitwise’s CEO, Hunter Horsley, emphasized the importance of this acquisition, referring to it as a “new chapter” for the company. Horsley highlighted that modern clients increasingly expect a wide-ranging portfolio of offerings from asset management firms, indicating that Bitwise's action aligns with market expectations for scalability and versatility in services.

With these recent steps, Bitwise shows its interest in staking solutions, aiming to support clients in benefiting from the growth of Ethereum and other crypto assets through secure and institutional-grade platforms.

In other news, PayPal's USD stablecoin connects Ethereum and Solana networks through LayerZero integration. Could this integration make crypto payments more accessible? Read the full story.