Journalists report mass layoffs at Osprey Funds

Ten specialists support Osprey Funds’ digital asset management, compared with 25 in the summer. Yahoo Finance reports.

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The headcount optimization is driven by the crypto winter, which has weakened institutional demand for Bitcoin and other digital assets.

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CEO Greg Kling assured that Osprey had not faced a risk of liquidating positions.

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According to JPMorgan Asset Management’s managing director Jared Gross, institutional investors still «stay away» from digital assets due to high volatility.

Earlier, State Street analysts concluded that large investors have retained interest in blockchain and cryptocurrencies, despite the bear market.

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