Crypto hedge fund Arca has laid off 30 percent of its staff, citing the ongoing crypto bear market and regulatory uncertainty, CoinDesk reported. A spokesperson for Arca said, "The personnel adjustment will allow us to preserve capital and resources, giving us a greater chance of success until the industry experiences a shift in sentiment and clarity on the regulatory landscape." Arca currently has 66 employees, according to LinkedIn. . The company was founded in 2018 and raised $10 million in Series A funding in 2021. Arca has two separate divisions, ArcaInvestments, an investment management division, and Arca Labs, a division focused on innovation.