Bitwise to Acquire Chorus One, Strengthening Crypto Staking Offerings

TLDR

• Bitwise Asset Management has acquired Chorus One to expand its crypto staking services.
• The acquisition strengthens Bitwise’s portfolio of yield-generating products for institutional clients.
• Chorus One manages around $2.2 billion in staked assets across decentralized networks.
• The deal highlights the increasing demand for crypto staking and on-chain income products.
• Bitwise aims to provide a more seamless staking solution by integrating Chorus One’s infrastructure.

Bitwise Asset Management is acquiring Chorus One, a provider of institutional crypto staking services. This acquisition will expand Bitwise’s portfolio of yield-generating products. Both companies confirmed the deal, but the financial terms remain undisclosed, as reported by Bloomberg.

Bitwise Expands Crypto Asset Management with Acquisition of Chorus One

Bitwise Asset Management, which manages over $15 billion in client assets, is broadening its range of crypto services. The acquisition of Chorus One will add institutional-grade staking infrastructure to its platform. This move highlights the increasing demand for on-chain income products in the evolving digital asset market.

Chorus One currently manages approximately $2.2 billion in staked assets across various decentralized networks. Staking allows crypto holders to lock up their tokens on proof-of-stake blockchains, earning rewards while securing the network. Bitwise CEO Hunter Horsley emphasized that staking represents a compelling growth opportunity for their clients, many of whom hold spot crypto assets.

The deal between Bitwise and Chorus One comes as staking becomes more popular, especially in networks like Ethereum. With more than 36 million ETH currently staked on Ethereum’s Beacon Chain, staking has seen rapid growth. As a result, institutional players are increasingly focusing on crypto staking to generate returns beyond price appreciation.

Chorus One’s staking infrastructure is well-suited to meet the high standards of institutional investors, including asset managers, exchanges, and foundations. By integrating Chorus One’s services, Bitwise aims to offer a more seamless and secure staking solution to its growing client base. The acquisition reflects a larger trend in the crypto industry toward consolidation, as companies look to expand their offerings and capture a larger share of institutional flows.

Rising Interest in Staking Drives Crypto M&A Activity

The acquisition is part of a broader wave of mergers and acquisitions (M&A) in the crypto industry. In 2025, the sector saw a record 265 M&A deals totaling $8.6 billion. These transactions indicate the increasing importance of infrastructure and yield-generating products as institutional interest in digital assets rises.

Bitwise’s strategic acquisition positions the firm to capitalize on the growing trend of crypto staking. By acquiring Chorus One, Bitwise strengthens its competitive position in the market.

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