Crypto ETF Provider Valkyrie Investments Lays Off 30% of Staff
- BTF was the second Bitcoin futures ETF to come to market
- Valkyrie recently liquidated Balance Sheet Opportunities ETF
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Digital-asset investment firm Valkyrie Investments Inc., best known for its Bitcoin futures ETF, has let go of roughly 30% of its 23-person workforce in recent weeks, the latest deep job cuts in the sector amid the turbulence roiling the cryptocurrencies market.
“Our management team did a thorough review of asset growth year to date and reviewed every employee’s role and contribution. Like many other companies in our industry, cuts needed to be made and ours were limited to sales and marketing,” said Leah Wald, chief executive officer of the Nashville-based firm. “Fortunately, the existing team has been thriving and the transition was seamless and without disruption.”