Bitwise to Acquire Chorus One as Crypto Staking Demand Accelerates

Bitwise Asset Management is acquiring institutional staking provider Chorus One, expanding its crypto yield services. Chorus One provides staking services for decentralized networks and currently has $2.2 billion in assets staked. Financial terms were not disclosed, Bloomberg reported, and Cointelegraph reached out to Bitwise and Chorus One but had not received a response by publication.

Ethereum’s validator entry queue has surged past 4 million ETH, producing wait times beyond 70 days. Almost 37 million ETH, or just over 30% of total supply, is now staked, with close to 1 million active validators securing the network. Rising interest in staking has pushed other major asset managers to integrate yield into regulated crypto products.

Morgan Stanley filed to launch a spot Ether ETF that would stake part of its holdings, and Grayscale is preparing to distribute staking rewards from its Ethereum Trust ETF.

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