Bitwise Expands Crypto Footprint with $3.7B Attestant Acquisition

Bitwise Asset Management, America’s largest crypto index fund manager, has acquired Ethereum staking provider Attestant Limited in a strategic move to broaden its institutional crypto services. While financial terms weren’t disclosed, the acquisition brings Attestant’s $3.7 billion in staked assets under Bitwise’s management, pushing the firm’s total client assets above $10 billion.

The acquisition marks Bitwise’s significant expansion into Ethereum staking services, complementing its existing portfolio of exchange-traded products (ETPs), hedge fund solutions, and separately managed accounts. Attestant’s operations will be rebranded as Bitwise Onchain Solutions (Bitwise OS), with services initially available to clients with a minimum stake of $10 million.

“We want Bitwise to be the best possible partner to investors in the crypto space,” said Bitwise CEO Hunter Horsley. “This acquisition allows us to expand the ways we can help investors meet their objectives.”

Founded in 2019, Attestant has built a reputation for combining technical excellence with robust reporting for tax, audit, and compliance. The firm serves a diverse institutional client base, including family offices, high-net-worth individuals, traditional financial institutions, and decentralized finance protocols.

The deal brings Attestant’s core team to Bitwise, including co-founders Dr. Sreejith Das, Jim McDonald, and Dr. Steve Berryman, who bring extensive experience in finance and technology. The acquisition expands Bitwise’s workforce to over 90 employees across the United States and Europe.

The move comes at a time when Ethereum staking continues to gain traction, with approximately one-third of all ETH in circulation – valued at over $100 billion – currently staked. Staked Ethereum currently generates annual returns of about 3.4%, making it an increasingly attractive option for institutional investors seeking yield in the crypto space.