Bitwise Asset Management has reduced its workforce by about 14%, cutting staff to roughly 155 from around 180 as a crypto market downturn ripples across the digital-asset industry. A Bitwise spokesperson confirmed the layoffs, while Chief Executive Hunter Horsley said the company still expects growth as crypto becomes more integrated into the global economy. The San Francisco-headquartered firm acquired Chorus One in February in a deal expected to expand its staking services, even as it trims costs. Since January, shares of the Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptocurrencies by market capitalization including Bitcoin and Ether, have fallen by more than 30%. Bitwise is the latest crypto company to cut jobs in 2026. BitGo said in June it was reducing staff by 15% in a one-time move to focus on AI and stablecoins, while Coinbase said in May it planned to cut 14% of its workforce as part of an AI strategy shift. Robinhood, Polygon and Pump.fun have also announced workforce reductions this year, reflecting a mix of market pressure and strategic realignment across the sector.