Digital asset managers have suffered a significant blow, with their market value plummeting by nearly $77 billion as the crypto market continues its volatile ride. Major cryptocurrency prices like Bitcoin and Ethereum have dropped in recent days, adding to existing uncertainty and raising questions about long-term strategies for digital asset management companies. 2023 has already brought volatility to the crypto landscape with no official statements released regarding restructuring efforts or future strategies from leading companies like Coinbase, Galaxy Digital, and MicroStrategy. While major players are impacted by this downturn, some sectors, such as Solana spot ETFs, have seen increased inflows despite broader market trends.