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Bitwise Asset Management completes acquisition of Attestant to bolster crypto ETF offerings

Nov 13, 2024•about 1 year ago

Acquiring Company

Bitwise Asset Management

Acquired Company

Attestant

San FranciscoLondonFinanceFinancial ServicesCryptocurrencyBlockchain

Description

Bitwise Asset Management has successfully acquired Attestant, a prominent Ethereum staking service based in London, as part of its strategic expansion outside core businesses. This acquisition further solidifies Bitwise's position as a major player in the crypto fund management space, allowing the company to enhance its offerings and bring innovative investment opportunities to its clients.

Company Information

Company

Bitwise Asset Management

Location

250 Montgomery St., Ste. 200

San Francisco, California, United States

About

Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices, and institutional investors, as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed