Bitwise Asset Management is reportedly acquiring crypto staking firm Chorus One, expanding its footprint beyond asset management into yield-generating blockchain services. Chorus One operates institutional staking infrastructure across multiple networks and currently manages about $2.2 billion in staked assets, according to company data. Financial terms of the transaction were not disclosed.
The deal comes as Ethereum staking activity accelerates. More than 4 million ETH are waiting to enter the validator queue, pushing estimated activation times beyond 70 days. Roughly 37 million ETH, representing over 30% of total supply, is now locked in staking, highlighting sustained demand despite reduced liquidity.
Institutional interest in staking-linked products is also rising. Asset managers, including Morgan Stanley and Grayscale, are integrating staking into regulated exchange-traded products. Bitwise’s move reflects a broader shift among crypto firms to pair asset exposure with yield as competition intensifies across digital asset markets.
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