Bitwise Asset Management is set to acquire Chorus One, significantly boosting its staking yield services. With Chorus One managing 2.2 billion USD in staked assets, the merger reflects the growing demand for on-chain yield products among investors.
Currently, Ethereum’s validator backlog exceeds 4 million ETH, leading to wait times of over 70 days for staking. This high demand indicates a positive trend in the crypto sector as numerous holders choose to stake their ETH despite delays.
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