Crypto hedge fund Arca is laying off 30% of its workforce, citing the ongoing crypto winter and regulatory uncertainty. A spokesman for Arca said growth was difficult to predict in this ongoing bear market and uncertain regulatory environment. The layoffs will allow us to preserve capital and resources until market sentiment shifts and the regulatory situation becomes clearer. Arca currently has 66 employees, according to LinkedIn data. Founded in 2018, the company raised $10 million in Series A funding in 2021. Arca has two separate divisions, Arca Investments, an investment management division, and Arca Labs, an innovation-focused division.