BULLISH 📈 : Bitwise Deepens Yield Strategy With Chorus One Acquisition

Bitwise Asset Management Acquires Chorus One

Bitwise Asset Management is acquiring Chorus One, a Swiss institutional staking services provider, to enhance its yield-generating infrastructure.
The financial terms of the deal were not disclosed. Chorus One manages staking infrastructure across various decentralized networks with approximately $2.2 billion in staked assets.
Staking has become a method for asset managers to convert holdings into income-generating positions.
Bitwise manages over $15 billion in client assets globally and is expanding beyond single-asset crypto funds by acquiring Chorus One, allowing direct control over staking infrastructure.

Bitwise's Expansion Efforts

Bitwise launched model portfolio solutions for financial advisers, catering to different risk profiles with digital assets.
Assets tracking third-party model portfolios are expected to grow significantly, reaching over $645 billion by 2025.
The company is expanding in Europe, partnering with ING Germany to offer crypto ETPs backed by cold-storage custody.
Bitwise initiated its first on-chain vault strategy aiming for up to 6% yields on USDC within decentralized lending markets.

The institutional staking services market was valued in the low billions in 2024, with predictions to exceed $18 billion by 2033 due to double-digit CAGR growth.
ETH staking demand rose dramatically last year, highlighted by BitMine Technologies' activities, holding 4.285 million ETH with 3.55% of the total Ether supply staked.

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