Crypto ETF Provider Bitwise Buys Ether Staking Service Attestant

Crypto exchange-traded fund issuer Bitwise Asset Management Inc. has acquired Attestant, an Ethereum staking service in a bid to expand beyond its core businesses with the digital-asset sector seen by advocates as being on the verge of transformation.

Terms of the cash and equity transaction weren’t disclosed. The London-based firm handles about $3.7 billion in assets for institutional investors outside the US who wish to earn rewards by using their Ether to help validate transactions on the Ethereum blockchain. Attestant’s 11 employees will join Bitwise.

After the acquisition, Bitwise will manages more than $10 billion in client assets. The firm’s ...