Bitwise Expansion Brings Institutional Staking Opportunities to Thousands

Bitwise Asset Management has made a significant move in the crypto space by acquiring Chorus One, a platform that oversees $2.2 billion in staked assets. This acquisition is expected to expand Bitwise's staking division to over 30 proof-of-stake networks, including Solana, Avalanche, and Hyperliquid. The integration of these networks may bring institutional staking opportunities to thousands of clients.

The total value locked (TVL) in staking protocols has skyrocketed since Ethereum's switch from a proof-of-work network. DeFi chains with the largest share of TVL are Ethereum, Solana, BNB Chain, and Base. Bitwise Onchain Solutions is eyeing greater institutional interest in staking, with users benefiting from Chorus One's notable traction across the ecosystem.

The acquisition may have a positive impact on the price outlook for Aptos (APT), Sui (SUI), and NEAR tokens. As highlighted, Bitwise's expanded staking support could enhance liquidity and yield earnings for holders of these tokens. The integration targets institutional capital amid a competitive PoS landscape, which may lead to further adoption and price appreciation.