BCGAME - Free 5BTC Daily Bonus!Asset management giant Bitwise has made a strategic move to enter the Ethereum staking market. Bitwise is a major player in the cryptocurrency investment space. The information was recently published from Bloomberg.
In a significant and strategic move for its expansion, Bitwise has entered the Ethereum staking market by acquiring Attestant, a London-based Ethereum staking service provider.
The company’s recent acquisition marks Bitwise’s strategic vision for its entry into the Ethereum staking market, highlighting its portfolio expansion beyond its spot Bitcoin-based exchange-traded fund (ETF) offerings.
Attestant is responsible for managing $3,7 billion in assets. Since the acquisition, Bitwise’s total assets under management (AUM) have grown to over $10 billion.
Hunter Horsley, CEO of Bitwise Asset Management, commented on the acquisition, highlighting its significance: “This is a new chapter for Bitwise. Our clients now expect us to deliver broad capabilities at scale, and the addition of Attestant’s Ethereum staking services aligns perfectly with our mission to provide comprehensive crypto investment solutions.”
At the time of publication, the price of Ethereum was trading at $3.217,16, down 1.3% over the past 24 hours. Amid the recent market rally over the past few days, ETH has seen a significant seven-day gain, posting gains of 22.2%.
It is worth remembering that last month, Bitwise, one of the leading digital asset managers, took a significant step towards launch of an XRP-based ETF. According to recently accessed documents from the Delaware Division of Corporations, the company has set up a trust that could serve as the foundation for the introduction of a future XRP ETF to the market.
