Bitwise to acquire crypto staking provider Chorus One: Bloomberg

Crypto asset manager Bitwise Asset Management is acquiring institutional staking services provider Chorus One, expanding its suite of yield-generating products.

The companies, however, did not disclose the size of the acquisition, according to a Bloomberg report. "For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities," Bitwise CEO Hunter Horsley said in the report.

The Block has reached out to Bitwise and Chorus One for further information.

Bitwise, which manages more than $15 billion in client assets globally, has been steadily broadening its offerings beyond single-product crypto funds. On Tuesday, it launched model portfolio solutions designed to help financial advisers allocate across digital assets with varying risk profiles.

Chorus One operates staking infrastructure and oversees roughly $2.2 billion in staked assets, according to its website. Chorus One CEO Brian Fabian Crain told Bloomberg that consolidation had become increasingly inevitable. "It was also clear that staking is best integrated in a larger platform," he said.

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The acquisition comes amid broad institutional interest in staking, particularly on Ethereum, where the amount of ether locked in its proof-of-stake system recently reached a fresh all-time high. More than 36 million ETH is now staked on Ethereum's Beacon Chain — roughly 30 % of the network's circulating supply, according to The Block's data dashboard. 

The deal reflects a broader M&A wave across the digital asset industry, which surged to record levels in 2025. More than 265 crypto M&A transactions were completed last year, totaling roughly $8.6 billion — nearly four times 2024 levels — according to PitchBook data. Public listings also picked up, with at least 11 crypto IPOs raising roughly $14.6 billion worldwide.