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Crypto ETF provider Valkyrie Investments lays off 30% of its staff

Digital Asset Investment Firm Valkyrie Investments Inc., best known for its Bitcoin futures ETF, has laid off around 30% of its 23 employees in recent weeks, the latest major job cuts in the industry amid turmoil rocking the cryptocurrency market.

“Our management team has conducted a thorough review of asset growth since the beginning of the year and reviewed the role and contribution of each employee. 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 of the Nashville-based company. “Fortunately, the existing team has thrived and the transition has been smooth and seamless.”

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