The total market capitalization of digital asset management companies has fallen from a peak of $176 billion in July to $99 billion.

PANews reported on November 21st that, according to The Block, as the crypto market continues its decline from its October peak, the value of equity and corporate cryptocurrency holdings by digital asset management companies (DATs) is facing a significant reduction. Data shows that the total market capitalization of publicly traded DAT companies has plummeted from a peak of $176 billion in July to approximately $99 billion currently. Analysts point out that due to increased ETF outflows and macroeconomic uncertainty, the total cryptocurrency market capitalization fell below $2.9 trillion for the first time since May on Friday. Meanwhile, the total value of DAT companies' cryptocurrency holdings has also decreased from $141 billion on October 6th, when Bitcoin hit an all-time high, to $104 billion on November 21st. (The last sentence appears to be incomplete and possibly refers to providing compliance documentation.)