• Bitwise acquires Chorus One, potentially paving way for more staked ETFs Bitwise’s acquisition of Chorus One expands the company’s staking capabilities to more than 30 blockchains, including Solana, Hyperliquid, Monad, Avalanche and Sui. • Cointelegraph in your social feed Crypto asset manager Bitwise has acquired the staking services company Chorus One, which oversees more than $2.2 billion in staked assets and could help Bitwise expand its portfolio of crypto staking products. • Bitwisesaidon Tuesday that 50 of Chorus One’s employees will join Bitwise Onchain Solutions, where several billion dollars’ worth of crypto assets are already staked. • The acquisition could see Bitwise diversify its range of exchange-traded products, including staking, as the Securities and Exchange Commission has shown support for a broader range ofcrypto investment products. • Stakingallows holders of crypto tokens to earn rewards, typically between 2% and 10% a year, by locking the tokens on a blockchain, providing investors with additional yield on top of potential appreciation of the underlying token. • The size of the acquisition deal was not shared.

Article Summaries:

  • Crypto asset manager Bitwise has acquired staking services firm Chorus One, which manages over $2.2 billion in staked assets across more than 30 proof‑of‑stake blockchains. The deal brings 50 Chorus One employees into Bitwise Onchain Solutions and expands Bitwise’s staking reach to chains such as Solana, Avalanche, Sui, Aptos and Tezos. Bitwise, which oversees $15 billion in assets and offers several crypto ETFs, sees the acquisition as a way to broaden its exchange‑traded product lineup, including potential staked‑token ETFs, amid growing SEC interest in crypto investment vehicles.

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