Bitwise Closes 8 ETFs and Lays Off 14% of Staff While Launching New Products
- Bitwise has laid off approximately 14% of its staff, reducing headcount from about 180 to 155.
- The company has exited eight ETFs in a concentrated liquidation over a three-month period.
- Client assets reported by Bitwise have declined by at least $4 billion since earlier this year.
- Despite the layoffs and ETF closures, Bitwise continues to launch new products in other areas, including an Avalanche ETP and a Hyperliquid ETF.
On August 12, it was reported that Bitwise, a crypto asset management firm, has laid off about 14% of its staff, reducing its workforce from approximately 180 to 155 employees. The company did not specify which departments were affected or provide details on compensation packages.
In addition to the layoffs, Bitwise has exited eight ETFs in a concentrated manner over the past three months. The liquidation of these products reflects a significant shift in the company's asset management strategy, coinciding with a reported decline of at least $4 billion in client assets.
Despite these changes, Bitwise is actively launching new products, including an Avalanche ETP with built-in staking arrangements and the Hyperliquid ETF. This indicates the company's intention to diversify its offerings even as it reduces its workforce and closes certain investment products.
Bitwise关闭8只ETF并裁员14%，同时推出新产品
8月12日报道，作为一家加密资产管理公司，Bitwise裁员约14%，员工人数从约180人减少到155人。公司没有具体说明受影响的部门或提供补偿方案的细节。
除了裁员，Bitwise在过去三个月内集中清算了8只ETF。这些产品的清算反映了公司资产管理策略的重大转变，同时报告的客户资产下降至少40亿美元。
尽管发生了这些变化，Bitwise仍在积极推出新产品，包括带有内置质押安排的Avalanche ETP和Hyperliquid ETF。这表明公司即使在减少员工和关闭某些投资产品的情况下，仍希望多样化其产品。