The San Francisco digital assets company reduced its workforce from around 180 to roughly 155, Bloomberg News reported Tuesday (Aug. 12), citing an email from Bitwise.

Even with these layoffs, Bitwise’s staffing levels are at their highest point to date, CEO Hunter Horsley told Bloomberg, adding that the company expects growth to continue as crypto becomes more embedded into the world economy.

Bitwise offers crypto products such as exchange-traded funds, including a $2.3 billion bitcoin ETF, a lineup of private funds, and separately managed accounts, the report added. The company oversees upwards of 70 products and commands about $9…