Bitwise Acquires Ethereum Staking Provider Attestant with $3.7 Billion in Assets

Investment firm Bitwise Asset Management has acquired institutional Ethereum staker Attestant, which manages assets worth $3.7 billion. The acquisition has increased the company’s client assets under management from $6 billion to $10 billion.

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

The business will continue under the brand Bitwise Onchain Solutions (Bitwise OS) and will offer non-custodial institutional Ethereum staking services with a minimum threshold of $10 million. Additionally, Bitwise OS will explore opportunities in other protocols and engage in open-source projects.

“We appreciate that [Attestant] are the authors of important open-source projects such as Dirk and Vouch, and are involved in significant research in this field. This aligns with Bitwise’s approach,” commented Bitwise CTO Hong Kim.

Key Attestant personnel, including co-founders Shrijit Das, Jim McDonald, and Steve Berriman, will join the Bitwise team.

Earlier, the annual staking reward rate for Ethereum decreased to 3% compared to 7% in Aptos and 7.84% in Avalanche.