Bitwise acquires institutional staking provider Chorus One to help expand services on over 30 proof-of-stake chains

Bitwise has acquired institutional staking provider Chorus One in a bid to expand its staking operations, according to an announcement on Tuesday. 

Chorus One, which oversees some $2.2 billion in staked assets, will join under the Bitwise Onchain Solutions subsidiary, which serves institutional investors, family offices, and financial platforms.

The acquisition will help Bitwise expand its staking capabilities and research coverage for over 30 proof-of-stake networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, TON, and others. 

"For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities," said Bitwise CEO Hunter Horsley. "Chorus One is best-in-class across technology and research, with an eight-year track record of doing things the right way. We're excited to add their capabilities to the value that Bitwise Onchain Solutions can create for clients."

Terms of the deal were not disclosed. The Block reached out to Bitwise for a statement. The core Chorus One team will join Bitwise, representing about 50 employees, while Chorus One co-founder Brian Crain was named under a Bitwise advisory role.

Bitwise, which represents some $15 billion in assets under management, has been broadening its offerings beyond single-product crypto funds. Earlier this month, it launched model portfolio solutions for financial advisers and filed documents to list ETFs that would invest in event contracts tied to the 2028 U.S. presidential election.

The acquisition comes amid growing institutional interest in staking, particularly on Ethereum, where the amount of staked ETH has been climbing to new all-time highs, driven by treasury firms like Bitmine Immersion. More than 36 million ETH is now staked on Ethereum's Beacon Chain, representing nearly one-third of the network's circulating token supply.