Bitwise Asset Management has acquired Chorus One according to Hunter Horsley. Chorus One is a crypto staking infrastructure provider. It manages over $2.2 billion in staked assets.
The acquisition brings roughly 50 Chorus One employees into Bitwise. It expands Bitwise’s staking capabilities across more than 30 blockchains. Financial terms weren’t disclosed.
Bitwise just strengthened its position in the staking market. Token holders lock assets on proof-of-stake blockchains. They earn annual yields. Typically 2% to 10%. “Staking is one of the most compelling growth opportunities for clients holding spot crypto,” Bitwise CEO Hunter Horsley said.
Chorus One’s been operating since 2018. It brings institutional-grade staking infrastructure. Networks include Solana, Hyperliquid, Monad, Avalanche, Sui, Aptos, and Tezos. The firm’s served finance companies, family offices, funds, exchanges, and blockchain protocols. Chorus One CEO Brian Crain will join Bitwise in an advisory role. The combined company now approaches 200 employees globally.
The integrated team will operate within Bitwise’s Onchain Solutions division. That division already manages several billion dollars in staked crypto assets. “By integrating Chorus One’s infrastructure and expertise, Bitwise can offer institutional-grade staking exposure across many networks,” Bitwise said.
Bitwise manages over $15 billion. That’s across more than 40 investment products. The firm’s positioned itself as one of the largest crypto asset managers. Flagship products include the Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW). They’ve attracted over $2 billion and $387 million in flows respectively. Both launched in 2024. The company also offers staking-linked products. There’s the Solana Staking ETF (BSOL). Plus single-asset ETFs for XRP, Chainlink, and Dogecoin.
Regulators are showing more openness. The U.S. Securities and Exchange Commission included. They’re approving more diverse crypto investment products. Bitwise is expanding its staking infrastructure. The goal? Develop more staking-focused ETFs. These could provide investors with on-chain yield strategies through regulated investment vehicles. The acquisition may push competitors to bolster their own staking capabilities. Institutional demand for crypto yield products continues to grow.
