Bitwise Acquires Chorus One to Bolster Staking Offerings

Bitwise Asset Management Inc. is acquiring Chorus One, a leading institutional staking service provider, to expand its cryptocurrency offerings. The deal was confirmed by both companies but did not include disclosed financial terms.

Chorus One specializes in staking services for decentralized blockchain networks and has $2.2 billion in staked assets under management. Staking allows cryptocurrency holders to earn rewards by locking up their digital assets to help secure blockchain networks.

For clients holding spot crypto assets, staking is a compelling growth opportunity, according to Bitwise CEO Hunter Horsley. The acquisition positions Bitwise to offer more yield-generating products to its clients.

Why Did This Happen?

The deal is part of a larger trend of consolidation in the crypto industry. In 2025, crypto industry mergers reached an all-time high of $37 billion, spurred in part by regulatory developments and broader market dynamics.

Chorus One CEO Brian Fabian Crain said that the industry had long been moving toward consolidation, with staking services best served within larger platforms. This acquisition aligns with that shift.

The acquisition has drawn attention from market observers, particularly in the context of rising institutional interest in staking. Chorus One's $2.2 billion in staked assets indicates significant scale and client trust.

Bitwise's move comes as other firms are also expanding their staking capabilities. BitMine, for instance, has increased its Ethereum staking operations, generating an estimated $188 million in annualized staking revenue.

What Are Analysts Watching Next?

Analysts are closely monitoring the impact of this acquisition on the competitive landscape of staking services. The integration of Chorus One into Bitwise's broader portfolio could shift market dynamics, particularly in institutional-grade staking.

The broader crypto market, however, remains volatile. Ripple's XRP, for example, has seen recent declines in price and ETF inflows, highlighting the challenges faced by crypto assets amid shifting investor sentiment.

The acquisition also reflects a strategic focus on staking as a core offering in a crypto portfolio. With staking yields becoming more attractive, firms like Bitwise are looking to capture a larger share of the market.

Chorus One's institutional-grade services provide a strong foundation for Bitwise to expand its offerings. The combined entity could serve as a one-stop solution for clients seeking exposure to both spot crypto assets and yield-generating staking opportunities.

As the acquisition moves forward, market participants will be watching for signs of how it impacts staking adoption, client demand, and overall market performance.