Crypto asset manager Bitwise has acquired institutional staking services provider Chorus One, significantly expanding its on-chain infrastructure capabilities. The deal brings over $2.2 billion in staked digital assets under Bitwise's management and adds Chorus One's expertise across more than 30 proof-of-stake blockchain networks.
The acquisition was announced on Tuesday, February 24, 2026, with Chorus One being integrated into Bitwise Onchain Solutions, the firm's dedicated staking division. As part of the transaction, 50 employees from Chorus One will join Bitwise, bringing the company's total global workforce to nearly 200 professionals. Chorus One CEO Brian Crain will transition to an advisory role within the combined entity.
Bitwise CEO Hunter Horsley emphasized that staking represents "one of the most compelling growth opportunities" for the firm's thousands of clients who hold spot crypto assets. The acquisition dramatically expands Bitwise's staking reach to include networks such as Solana, Avalanche, Sui, Aptos, Tezos, Hyperliquid, Monad, and TON, among others.
The strategic move is positioned to help Bitwise diversify its range of exchange-traded products, potentially including more staking-focused ETFs. This comes as the Securities and Exchange Commission (SEC) has shown increased openness to a broader range of crypto investment products. Bitwise currently manages over $15 billion in assets across more than 40 investment products, including its flagship Bitwise Bitcoin ETF (BITB) and Bitwise Ethereum ETF (ETHW).
Chorus One, founded in 2018, has provided staking infrastructure services to financial institutions, family offices, high-net-worth individuals, custodians, funds, exchanges, and decentralized protocols. The acquisition signals the ongoing maturation of digital asset financial services, with institutions increasingly seeking regulated, professional staking providers to manage operational risks while generating yield.
