Bitwise to acquire crypto staking service provider Chorus One

According to a Bloomberg report on February 4th, Bitwise Asset Management, a cryptocurrency asset management company, is acquiring Chorus One, an institutional-grade staking service provider. Both parties have confirmed the transaction, but the specific acquisition amount has not been disclosed. Chorus One primarily provides institutional-grade staking services for decentralized networks, and its website data shows that it currently manages approximately $2.2 billion in staked assets. Bitwise CEO Hunter Horsley stated that staking is "one of the most attractive growth opportunities" for clients holding spot cryptocurrency assets.