Crypto-asset funds had their worst year since 2018, with inflows plunging 95%. Funds tracked by CoinShares will have total net gains of just $433 million in 2022, compared with $9.1 billion last year, a 95% drop. Bitcoin prices have fallen about 60% in the same period, as a cryptocurrency winter grips the market just as the Federal Reserve raises interest rates to combat blazing inflation. 3iQ experienced the most significant net outflows, totaling $529 million for the year. CoinShares’ XBT product experienced outflows of $446 million, while ProShares crypto fund saw the largest inflows at $320 million.