Crypto Staking Sector Consolidates as Bitwise Strikes Deal for Rival Chorus One

The cryptocurrency staking landscape is consolidating with the reported acquisition of Chorus One by Bitwise Asset Management. The deal, detailed in a Bloomberg report Wednesday, signals larger players moving to capture market share in the critical yield services arena.

Bitwise’s move to integrate Chorus One, a provider with roughly $2.2 billion in staked assets, directly addresses the booming institutional and retail appetite for onchain yield products. The terms of the agreement were not disclosed.

The strategic purchase aligns with unprecedented staking activity on the Ethereum network, where a queue of over 4 million ETH faces a 70-day wait. With nearly 37 million ETH already staked, the data confirms a powerful trend of asset locking, a trend Bitwise is now better positioned to serve through this expanded operational scale.