Bitwise to acquire crypto staking company Chorus One: Report

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Ethereum’s validator backlog has surged past 4 cardinal ETH, pushing hold times beyond 70 days arsenic much than 30% of proviso is present locked successful staking.

Bitwise Asset Management is reportedly acquiring organization staking supplier Chorus One, extending its propulsion into cryptocurrency output services.

The acquisition adds a large staking cognition to the crypto plus manager’s level arsenic request for onchain output products increases among some retail and organization investors.

Chorus One provides staking services for decentralized networks and presently has $2.2 cardinal successful assets staked, according to its website.

The fiscal presumption of the woody were not disclosed, Bloomberg reported connected Wednesday, citing statements from some companies.

Cointelegraph reached retired to Bitwise and Chorus One for comment, but had not received a effect by publication.

Ethereum staking request surges arsenic validator queue swells

Ethereum validator queue information shows a surge successful demand to involvement Ether (ETH). The introduction queue has swelled to much than 4 cardinal ETH, translating into a hold clip of implicit 70 days.

Almost 37 cardinal ETH, oregon conscionable implicit 30% of full supply, is present staked, with adjacent to 1 cardinal progressive validators securing the network. This suggests that much holders are choosing to fastener up ETH contempt agelong delays.

The rising involvement successful staking has pushed different large plus managers to integrate output into regulated crypto products. Morgan Stanley filed to motorboat a spot Ether exchange-traded money (ETF) that would involvement portion of its holdings to make passive returns. Grayscale is besides preparing to administer staking rewards from its Ethereum Trust ETF, the archetypal payout tied to onchain staking by a US-listed spot crypto exchange-traded product.

Crypto M&A hits record

Bitwise’s woody besides follows a surge successful the crypto industry’s mergers and acquisitions successful 2025, reaching $8.6 cardinal crossed a grounds 133 transactions by November, surpassing the combined full of the erstwhile 4 years.

Coinbase led the wave, closing six acquisitions, including the $2.9 cardinal purchase of crypto derivatives speech Deribit.

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