Bitwise Asset Management has acquired staking infrastructure provider Chorus One, which oversees more than $2.2 billion in staked assets, strengthening Bitwise’s onchain capabilities and potentially paving the way for additional staked exchange-traded products.
Bitwise said 50 Chorus One employees will join Bitwise Onchain Solutions, where several billion dollars’ worth of crypto assets are already staked, expanding the firm’s technical and operational footprint.
Bitwise chief executive Hunter Horsley said staking remains “one of the most compelling growth opportunities” for its thousands of clients holding spot crypto assets.
The acquisition extends Bitwise’s staking support to more than 30 proof-of-stake blockchains, including Solana, Hyperliquid, Monad, Avalanche, Sui, Aptos and Tezos, while Chorus One chief executive Brian Crain will transition into an advisory role.
Bitwise manages more than $15 billion in assets across over 40 investment products and employs nearly 200 staff globally as it broadens its exposure to yield-generating digital asset strategies.
Its flagship funds include the Bitwise Bitcoin ETF and the Bitwise Ethereum ETF, which have drawn more than $2 billion and $387 million in inflows respectively since launching in 2024, alongside products such as the Bitwise Solana Staking ETF and Bitwise XRP ETF.
At the time of reporting, Solana price was $81.41.