Bitwise Acquires Chorus One to Expand Institutional Staking Capabilities

Crypto asset manager Bitwise Asset Management has acquired Chorus One, an institutional staking infrastructure provider, expanding Bitwise’s suite of yield-generating services for clients holding spot digital assets. The terms of the acquisition were not disclosed, according to a report by Bloomberg.

Bitwise CEO Hunter Horsley said the firm views staking as a growing area of demand among its client base, particularly as more investors hold spot crypto assets directly. He described staking as a core opportunity to generate yield within digital asset portfolios.

The acquisition marks another step in Bitwise’s broader expansion beyond single-product crypto funds. Earlier this week, the firm launched model portfolio solutions designed for financial advisers seeking diversified digital asset allocations across varying risk profiles.

Chorus One operates blockchain staking infrastructure and oversees approximately $2.2 billion in staked assets, according to figures published on its website. The company provides validator services across multiple proof-of-stake networks and serves institutional clients.

Chorus One CEO Brian Fabian Crain told Bloomberg that consolidation within the staking sector has become increasingly likely as institutional demand grows. He said staking services are more effective when integrated into larger asset management platforms that already serve professional investors.

Bitwise manages more than $15 billion in client assets globally, positioning the acquisition as part of a broader strategy to integrate infrastructure-level services into its asset management offering.

Bitwise and Chorus One did not immediately provide additional details on the transaction when contacted.

The acquisition reflects a wider trend of consolidation across crypto infrastructure providers as asset managers seek tighter control over yield, custody-adjacent services, and operational reliability. As staking becomes more institutionalized, asset managers are increasingly integrating infrastructure capabilities rather than relying solely on third-party providers.