Bitwise to acquire crypto staking company Chorus One: Report

Ethereum’s validator backlog has surged past 4 million ETH, pushing wait times beyond 70 days as more than 30% of supply is now locked in staking.

Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services.

The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail and institutional investors.

Chorus One provides staking services for decentralized networks and currently has $2.2 billion in assets staked, according to its website.

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