Bitwise acquires institutional staking provider Chorus One to help expand services on over 30 proof-of-stake chains
Bitwise has acquired Chorus One to enhance its staking operations and expand services across over 30 proof-of-stake networks.Summary
Bitwise, managing $15 billion in assets, has acquired institutional staking provider Chorus One for an undisclosed sum. This acquisition aims to bolster Bitwise’s staking capabilities and research coverage for over 30 proof-of-stake networks, including Solana, Avalanche, and Ethereum. Chorus One, overseeing $2.2 billion in staked assets, will integrate into Bitwise Onchain Solutions, serving institutional investors. Bitwise CEO Hunter Horsley emphasized the compelling growth opportunities staking presents and highlighted Chorus One’s expertise. The core Chorus One team of 50 employees will join Bitwise, with co-founder Brian Crain taking on an advisory role. This move aligns with Bitwise’s broader strategy of expanding beyond traditional crypto funds, including recent launches of model portfolio solutions and ETF filings.
(Source：The Block)