Bitwise Asset Management is acquiring institutional staking provider Chorus One, adding a large on-chain staking business to its platform as demand grows for yield-bearing crypto products.
The deal, reported by Bloomberg, will add a major institutional staking provider to Bitwise’s operations and is meant to expand the yield-generating services it offers alongside its existing crypto funds.
Bitwise Targets Chorus One’s $2.2 Billion Staked Asset Pool
Founded in 2018 and based in Switzerland, Chorus One is a specialist infrastructure provider that runs validator nodes for more than 40 proof-of-stake blockchains, including Ethereum, Solana, Cosmos, Avalanche, and Near. It focuses on institutional and high-net-worth clients, offering managed staking, white-label validators, and API-based access so investors can earn on-chain rewards without running their own infrastructure.
In recent years, the company has positioned itself as a full-stack staking partner, pairing infrastructure with research, governance work, and a venture arm, Chorus One Ventures, which manages around $30 million to back new proof-of-stake and interoperability projects. Chorus One says it secures roughly $2.2 billion in staked assets across its networks, highlighting the scale of the operation Bitwise is bringing under its management.
The firm has also pursued strategic partnerships, including a 2026 collaboration with Ledger Enterprise to offer institutional staking for assets such as ETH and SOL, aimed at clients that require stronger custody, compliance, and governance controls.
What the Deal Means for Bitwise and Investors
For Bitwise, buying Chorus One means it will no longer just offer crypto funds; it will also run the underlying staking systems that generate those returns. That could give the firm more control over yield, fees, and risk management in any staking-linked funds it offers.
ETPs, Staking and More: Bitwise’s Acquisition Plan
Bitwise has been using acquisitions to expand its product line and its infrastructure. In 2024, it bought European crypto ETP issuer ETC Group, which runs BTCE, one of the largest spot Bitcoin products in Europe. It later acquired UK-based Ethereum staking provider Attestant, bringing about $3.7 billion of staked Ether under its umbrella.
Taken together with the Chorus One deal, those moves show Bitwise shifting from being just a crypto fund manager to a multi-product crypto firm that combines asset management with in-house staking and ETP platforms.
