Bitwise Secures Its Position in ETF Staking Through the Chorus One Acquisition

crypthub

about 20 hours ago

Acquisition Overview

Bitwise acquired Chorus One, a staking infrastructure firm managing more than $2.2 billion across dozens of blockchain networks. The deal brings 50 Chorus One employees into Bitwise Onchain Solutions, while financial terms remain undisclosed. Founder and CEO Brian Crain will stay on as an advisor as the team integrates.

Staking Footprint Expansion

The purchase extends Bitwise’s staking reach to over 30 proof‑of‑stake networks, including Solana, Avalanche, Sui, Aptos, Hyperliquid, Monad and Tezos, signaling a focus beyond Ethereum. Staking lets token holders lock assets to support network security and earn 2‑10 % annual rewards. Bitwise now oversees billions of crypto assets already staked by its clients.

Strategic Timing and Growth

A more welcoming SEC stance on crypto investment products could pave the way for ETFs that deliver staking returns to retail investors. CEO Hunter Horsley describes staking as a “compelling growth opportunity” for the firm. Bitwise manages roughly $15 billion in assets, runs over 40 investment products—including flagship Bitcoin and Ethereum ETFs—and is adding staking capability to broaden its offering.