According to a Bloomberg story, Bitwise Asset Management plans to buy institutional staking service Chorus One, signaling a calculated move into cryptocurrency yield products.
Bitwise CEO Hunter Horsley stated that staking is one of the most alluring growth potentials for clients owning spot cryptocurrency assets, albeit the deal size was not disclosed. With over $15 billion under management worldwide, Bitwise has been branching out from single-product funds.
The company indicated a wider institutional focus earlier this week when it introduced model portfolio solutions to assist financial advisers in allocating digital assets across various risk categories.
Chorus One manages over $2.2 billion in staked assets and runs the global staking infrastructure. Staking functions better when integrated into larger platforms, according to its CEO Brian Fabian, who also stated that industry consolidation was increasingly inevitable.
The acquisition comes at a time when institutional interest in staking, especially on Ethereum, is increasing. More than 36 million ETH is now staked, representing around 30 percent of the circulating supply.
The deal reflects a surge in crypto mergers, with 2025 marking record M&A activity.
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