Bitwise cuts 14% of jobs as BITW assets fall 31% in 2026

Bitwise Asset Management has cut 14% of its workforce, reducing its global team to about 155 employees as the crypto asset manager operates through a prolonged market downturn. Summary Bitwise has cut 14% of its workforce, reducing its global team to about 155 employees. CEO Hunter Horsley said the layoffs leave the company positioned for continued growth despite the crypto market downturn. The Bitwise 10 Crypto Index Fund saw its net assets fall 31% during the first seven months of 2026. Bitwise has continued expanding through acquisitions, including its February purchase of institutional staking provider Chorus One. Bitwise CIO Matt Hougan said Bitcoin may have already bottomed and expects large wealth management platforms to support the next bull market. According to recent media reporting Bitwise CEO Hunter Horsley confirmed the layoffs in an emailed statement, saying the staff reduction was completed last week and leaves the company positioned to continue expanding its business. Horsley said the adjustment “equips us well for the ongoing growth we’ve seen this year and expect to continue as crypto further integrates into the global economy.” Bitwise layoffs reduce global team ...