Bitwise Acquires Attestant
in Expanding
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Staking
Push
Bitwise Acquires Attestant in Expanding Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Staking Push
Bitwise's acquisition of Attestant Limited will enable it to offer new
staking-focused products to Its investors.
By Liz Napolitano
Nov 13, 2024 Nov 13, 2024
2 min read
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Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта index fund manager Bitwise Asset Management has acquired
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum staking firm Attestant Limited, as locking up ETH for rewards
continues to gain traction among holders.
Bitwise aims to leverage its acquisition of the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum staking firm—which
handles $3.7 billion worth of staked ETH—to build out Bitwise OS, a new
on-chain product suite for digital asset investors.
The suite will provide professional non-custodial staking services alongside
hedge fund services and exchange-traded products, as the firm continues to
focus on offering more staking-related products to its investors.
Terms of the acquisition were not disclosed . Bitwise said it is now
responsible for over $10 billion worth of client assets with Attestant's
added tally.
“This acquisition allows us• Экономика » Финансы » Платежные средства » Доллар США to expand the ways we can help investors meet
their objectives,” Bitwise CEO Hunter Horsley said Wednesday in a statement.
Bitwise OS staking services will initially be available with a $10 million
minimum stake requirement. Staking refers to the “locking up” of a digital
asset such as ETH to power parts of a blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн's operations.
Token holders receive rewards such as yield for staking their cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
for predetermined periods of time, with yield on locked-up Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum tokens
poised to potentially exceed U.S• Соединённые Штаты Америки (США). interest rates . Such incentives have fueled
robust demand for staking ETH, despite the digital asset's lackluster
price action during this latest crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта rally.
Roughly 35 million ETH, worth more than $100 billion at present, have been
staked according to on-chain data published on crypto data platform Dune.
More broadly, staking across various digital assets is also attracting the
attention of token holders. And against that backdrop, Bitwise has begun
pushing to roll out a variety of digital asset staking products.
Earlier this week, Bitwise announced that it would launch a staking-focused
exchange-traded product for APT, the token of the Aptos network. The ETP,
which launches on November 19 in Europe, aims to generate approximately 4.7%
of net fees directly accumulated within the ETP.
Edited by Andrew Hayward
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