Bitwise Asset Management is acquiring institutional staking provider Chorus One and expanding its crypto yield services. This acquisition adds a major staking operation to its platform amid rising demand for onchain yield products among retail and institutional investors. Chorus One provides staking services for decentralized networks and has $2.2 billion in staked assets according to its website. The financial terms of the deal were not disclosed; Bloomberg reported on Wednesday, citing statements from both companies.
Ethereum validator queue. Source: ValidatorQueue
Bitwise-Chorus One Acquisition Strengthens ETH Ecosystem
This strategic move aims to meet ETH staking demand by integrating Bitwise’s staking infrastructure with Chorus One’s $2.2 billion portfolio. It is becoming a low-risk yield source for institutional investors, especially as Ethereum’s Proof-of-Stake mechanism offers 3-5% APY annually.
Ethereum Staking Queue Reaches 4 Million ETH
Ethereum staking demand is rising rapidly; the validator queue has reached over 4 million ETH, causing a waiting period of more than 70 days. Approximately 37 million ETH, more than 30% of total supply, is staked and secures the network with nearly 1 million active validators. This enhances network security while limiting liquidity.
Institutional Giants Entering ETH Staking
Morgan Stanley filed for a spot Ether ETF that will stake a portion of its holdings to provide passive yield. Grayscale is also distributing the first payment from onchain staking from its Ethereum Trust ETF. These developments are accelerating the transition to ETH in traditional finance. Detailed ETH analysis for more.
ETH Price and Technical Indicators: Support Levels
ETH is currently at $2,280.27, down -1.56% in 24h. RSI 27.97 (oversold), downtrend continues. EMA 20: resistance above $2,726.68.
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 | $2,110.15 | 74/100 ⭐ | -7.46% |
| S2 | $2,234.98 | 67/100 ⭐ | -1.98% |
| R1 | $2,346.25 | 77/100 ⭐ | +2.90% |
| R2 | $3,386.51 | 62/100 ⭐ | +48.52% |
S1 strong support, oversold RSI signal with recovery potential. Check ETH futures.
Crypto M&A Record: 8.6 Billion Dollars Led by Coinbase
Crypto sector mergers and acquisitions reached a record $8.6 billion with 133 deals by November 2025; Coinbase completed six acquisitions including Deribit for $2.9 billion. Bitwise’s move continues this wave.
Vitalik Buterin’s L2 Vision Shapes Staking Future
Ethereum founder Vitalik Buterin emphasized that the original vision for L2s was not extreme scalability. This highlights restaking models that carry L1 security to L2s via staking, making providers like Chorus One critical.
Source: https://en.coinotag.com/bitwise-acquires-chorus-one-eth-staking-boom
