Bitwise acquires Chorus One to expand crypto staking services across more than 30 blockchains and strengthen institutional offerings globally

Bitwise just made a major move in the crypto world by acquiring Chorus One, a staking services provider that manages over $2.2 billion in staked assets.

This deal isn’t just about numbers; it positions Bitwise to grow its staking products and deepen its footprint in the fast-evolving crypto investment landscape.

Bringing the Chorus One Team Onboard

Fifty employees from Chorus One will join Bitwise Onchain Solutions, the branch where billions of dollars in crypto are already being staked.

That includes Chorus One CEO Brian Crain, who will step into an advisory role.

Bitwise has made it clear this is about integrating expertise and technology, not just adding assets.

CEO Hunter Horsley described staking as “one of the most compelling growth opportunities” for their clients, who already hold large amounts of spot crypto assets.

The acquisition underscores Bitwise’s ambition to diversify beyond traditional ETFs into more complex staking products.

Expanding Across Chains

Chorus One brings infrastructure for over 30 proof-of-stake chains, covering heavyweights like Solana, Avalanche, Tezos, Aptos, Sui, Monad, and Hyperliquid.

This expansion gives Bitwise the ability to offer staking across multiple networks, providing investors with more options to earn passive yields ranging from 2% to 10% annually.

Staking, for the uninitiated, involves locking tokens on a blockchain to support network operations, which in return generates rewards.

For investors, it’s a way to earn extra income on top of potential gains from the tokens themselves.

Bitwise’s Growing Crypto Portfolio

Bitwise isn’t new to the crypto ETF space.

As of February, it manages over $15 billion across more than 40 investment products.

Its flagship offerings include the Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW), which have seen inflows of over $2 billion and $387 million respectively since launching in 2024.

Other ETFs under Bitwise’s umbrella include Solana Staking (BSOL), XRP (XRP), Chainlink (CLNK), and Dogecoin (BWOW).

Adding Chorus One’s capabilities strengthens Bitwise’s staking-focused products and could pave the way for new, SEC-approved offerings.

Chorus One’s Proven Track Record

Founded in 2018, Chorus One has been providing staking infrastructure for finance firms, family offices, custodians, exchanges, funds, and decentralized protocols.

Their expertise in running complex staking operations aligns perfectly with Bitwise’s goal of offering institutional-grade crypto investment services.

Why This Matters

This acquisition signals a larger trend: mainstream crypto firms are looking to integrate staking as a core investment product.

With the SEC showing increasing openness to diversified crypto products, Bitwise is positioning itself ahead of competitors, ready to meet investor demand for yield-generating options beyond simple holding.

What’s Next

Investors can expect Bitwise to expand its staking offerings across more networks and ETFs.

The integration of the Chorus One team will likely accelerate new product launches and improve operational efficiency.

As adoption grows, we could see Bitwise cement itself as one of the leading staking services providers for both retail and institutional clients.

Summary

Bitwise’s purchase of Chorus One is more than an acquisition; it’s a strategic leap into the heart of crypto staking.

By combining Chorus One’s infrastructure with Bitwise’s ETF expertise, the company is expanding its reach across over 30 proof-of-stake networks, providing investors with more yield opportunities and positioning itself as a major player in the institutional crypto market.

This deal highlights the growing importance of staking in crypto portfolios and sets the stage for a wave of innovation in SEC-regulated crypto products.