Crypto fund investments in 2022 were the lowest they’ve been since 2018, according to a new CoinShares report.

“Digital assets saw inflows—investors putting money into crypto products—totaling $433 million for the whole of 2022, the lowest since 2018 when there were inflows of only $233 million,” James Butterfill, CoinShares head of research, wrote in the report.

That’s a 95% decrease compared to 2021, when inflows totaled $9.1 billion, and a 93% drop from 2020, when inflows totaled $6.6 billion.

Last year was an especially hellish one for crypto markets. The global crypto market cap started the year at $2.3 trillion and ended it at $829 million, according to CoinGecko. That’s a loss of roughly 64% of the value that used to be in crypto markets.