Crypto asset manager Bitwise has acquired Chorus One, a major staking infrastructure provider overseeing more than $2.2 billion in staked digital assets. The move significantly expands Bitwise’s staking capabilities across over 30 proof of stake blockchains, positioning the firm to broaden its range of staking-enabled investment products.
Chorus One supports networks including Solana, Avalanche, Sui, Aptos, Tezos, Hyperliquid and Monad. With the acquisition, approximately 50 Chorus One employees will join Bitwise Onchain Solutions, adding operational depth to the company’s existing staking operations that already manage several billion dollars in crypto assets.
Expansion of Staked Crypto ETFs and Investment Products
The deal comes at a time when regulatory signals in the United States indicate growing openness to diversified crypto exchange traded products. Staking allows token holders to earn annual rewards typically ranging from 2% to 10% by participating in network validation, creating an additional yield layer beyond asset price appreciation.
Bitwise, which manages more than $15 billion in assets across 40-plus investment products as of February, may leverage the acquisition to further develop staking focused ETFs. Its flagship products include the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF, which have attracted substantial inflows since launching in 2024.
Strategic Implications for Institutional Crypto Adoption
Chorus One has provided staking infrastructure since 2018 to institutional investors, custodians, funds and decentralized protocols. The integration of its team, including CEO Brian Crain in an advisory role, strengthens Bitwise’s institutional service capabilities.
The acquisition signals continued maturation in the digital asset sector, as asset managers seek to integrate staking yield into regulated investment vehicles while expanding exposure to proof-of-stake networks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.