Bitwise aims to broaden offerings for institutional investors, family offices, and financial platforms by leveraging Chorus One’s eight-year track record and technology.

The deal is framed as part of a broader institutional yield and infrastructure strategy, incorporating yield-focused products and curated vault strategies linked to DeFi protocols to provide passive ETF exposure and active network participation.

Regulatory considerations have improved for staking services in recent years, with clearer U.S. SEC guidance and EU MiCA implementation, and Bitwise structures the deal to align with evolving regulatory parameters across jurisdictions.

Earlier this month, Bitwise partnered with Kraken Institutional to launch a tailored yield strategy for managed crypto portfolios.

Bitwise’s flagship ETFs, BITB and ETHW, have attracted combined flows exceeding $2.4 billion since their 2024 launches.

Bitwise is diversifying beyond single-product crypto funds with model portfolio solutions for advisers and pursuing ETF filings related to event contracts and election markets.

Bitwise has acquired Chorus One to expand its staking business and institutional blockchain services globally, integrating Chorus One into Bitwise Onchain Solutions to enhance staking capacity, security, and uptime across networks.

Chorus One brings over $2.2 billion in staked assets across multiple proof-of-stake networks, complementing Bitwise’s $15 billion in total client assets and expanding staking reach to more than 30 networks, including Solana, Avalanche, Sui, TON, and Aptos.

Institutional adoption focuses on reducing operational complexity and counterparty risk through an integrated staking solution, with yields typically ranging from 3% to 12% annually and risks like slashing and network volatility.

Bitwise now has nearly 200 employees globally and manages crypto ETFs for thousands of clients, with over $15 billion in assets under management across more than 40 products as of February.

Other Bitwise products include BSOL, XRP ETF, CLNK, and BWOW, expanding its ETF suite.

Bitwise, founded in 2017, operates across ETFs, infrastructure, and staking services and is expanding its team to about 200 post-acquisition.