Bitwise acquires Chorus One, potentially paving way for more staked ETFs
Bitwise’s acquisition of Chorus One expands the company’s staking capabilities to more than 30 blockchains, including Solana, Hyperliquid, Monad, Avalanche and Sui.
Crypto asset manager Bitwise has acquired the staking services company Chorus One, which oversees more than $2.2 billion in staked assets and could help Bitwise expand its portfolio of crypto staking products.
Bitwise said on Tuesday that 50 of Chorus One’s employees will join Bitwise Onchain Solutions, where several billion dollars‘ worth of crypto assets are already staked.
The acquisition could see Bitwise diversify its range of exchange-traded products, including staking, as the Securities and Exchange Commission has shown support for a broader range of crypto investment products.
