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Aug 12, 2026

Bitwise Asset Management cuts 14% of workforce amid crypto market downturn

Bitwise Asset Management has laid off approximately 14% of its staff, reducing headcount from nearly 180 to around 155 employees, as the crypto market downturn continues. CEO Hunter Horsley stated the San Francisco-based firm remains well-positioned for future growth despite the reduction.

Aug 12, 2026·2 sources
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Top claims

  • ▪Bitwise Asset Management Chief Executive Hunter Horsley stated in August 2026 that even after the cuts, the firm's workforce remains at a high level for its eight years in business.
  • ▪Bitwise Asset Management Chief Investment Officer Matt Hougan predicted in August 2026 that large wealth management platforms will act as a quiet catalyst in the upcoming bull market.
  • ▪BitGo reduced its staff by 15% in June 2026, citing changes in the cryptocurrency ecosystem.

Topics

Crypto marketsInstitutional crypto adoption

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