Bitwise Seizes Staking Boom, Acquires Institutional Giant Chorus One in Major Platform Expansion

Reading Time: < 1 minute

Bitwise Asset Management is poised to acquire Chorus One, a leading institutional staking provider, according to a Wednesday Bloomberg report. The deal marks a decisive expansion of Bitwise’s suite of cryptocurrency yield services.

This strategic acquisition directly responds to accelerating demand for onchain yield products from both retail and institutional investors. By integrating Chorus One, Bitwise adds a formidable staking operation with approximately $2.2 billion in staked assets to its platform.

The companies did not disclose the financial terms of the agreement. The move coincides with a historic surge in Ethereum staking demand, where the entry queue now exceeds 4 million ETH—a wait of over 70 days. Nearly 30% of all Ether is now locked, indicating a strong holder preference for staking rewards despite significant delays.