The collapse in the cryptocurrency market is forcing institutional investors to sell their holdings. The value of the cryptocurrency market has dropped to $961.83 billion, losing almost $1.5 trillion since November.

According to the latest report from CoinShares, digital asset investment products output reached $102 million last week. As the Fed's quantitative tightening and market-wide sales continue, $57 million Bitcoin (BTC) and $41 million Ethereum (ETH) outflows were recorded last week. Inflows of digital asset investment products slowed due to quantitative tightening. The outflows gained momentum last week, with rising inflation and Lido Staked Ethereum (stETH) starting to lose its index to ETH. Debuts were recorded mainly in the US and totaled $98 million. Output in Europe remained at $2 million.

Last week, 3iQ, Purpose Investments, CoinShares XBT and ETC Group witnessed $72,1, 43.4, 11.3 and $6.2 million respectively. Meanwhile, ProShares, CoinShares Physical and 21Shares saw $24.2, 19.1 and 4.5 million dollars respectively. Also, corporate leader Grayscale recorded just $0.3 million last week. Institutional investors' interest in Bitcoin and Ethereum dropped significantly over the past week. Bitcoin saw a total outflow of $57 million last week and has seen $91 million outflows since the beginning of the month.

bitcoin Institutional

The delays in the Ethereum ecosystem and the crisis in Lido Staked Ethereum caused massive sales last week. Ethereum saw a total of $41 million in institutional outflows last week, bringing the year-to-date total to $387 million. In addition, total assets under management (AUM) decreased from $23 billion to $8.7 billion in November. In addition, there was an outflow of $4.7 million in multi-asset investment products last week. As prices continued to drop under pressure, investors did not buy altcoins including Solana, Cardano and XRP.

Bitcoin (BTC) and Ethereum (ETH) prices fell to their lowest level of the year today. BTC price is currently down 14% in one day to $23.48. ETH, on the other hand, is down 17% and is currently trading at $1,227. Leading cryptocurrencies face liquidation risks as their market plunges to their lowest level.