Bitwise Asset Management Cuts 14% of Workforce Amid Low Asset Prices

Bitwise reduces staff from 180 to 155, citing low digital asset prices. CEO notes headcount remains at an eight-year high despite the 14% reduction.

Woofun AI reports that Bitwise Asset Management has reduced its workforce from approximately 180 to 155 employees, a cut of roughly 14%. The firm attributed this adjustment to persistently low prices for digital assets. CEO Hunter Horsley stated that the current headcount remains the highest since the company's establishment eight years ago and expects continued business growth as cryptocurrencies integrate into the global economy. Bitwise manages over 70 products, including exchange-traded funds and private equity funds, with a total AUM of around $9 billion. Of this, Bitcoin ETFs account for approximately $2.3 billion.