Valkyrie Shrinks Staff to 16 People After Latest Cuts
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Valkyrie Investments has laid off 30% of its staff in recent months and has closed a fund as the crypto ETF issuer tries to stay agile amid tough market conditions. The cuts amount to six people in the firm’s sales and marketing division — the company now has 16 full-time employees, Valkyrie CEO Leah Wald told BitcoinLinux. The layoffs weren’t made all at once, she added, as the company started staff cuts in June. “Like many other companies in our industry, cuts needed to be made and ours were limited to sales and marketing,” Wald told BitcoinLinux in a message.
Valkyrie and BitWise have resubmitted applications for a Bitcoin spot exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). Despite the skepticism expressed by the SEC chief in the past, they have joined a growing list of applicants that includes Blackrock, Fidelity, Invesco, and Wisdom Tree. This…
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