Crypto Funds Reach Record Highs in May Amid Market Shifts

According to Odaily, assets held by crypto funds reached an all-time high in May. Data from Morningstar on 294 crypto funds revealed a net inflow of $7.05 billion last month, marking the highest level since December of the previous year. This influx brought the total assets under management to a record $167 billion. In contrast, Lipper data indicated that global equity funds experienced a net outflow of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, amounting to $678 million. Analysts suggest that investors are increasingly viewing cryptocurrencies as a component of diversified portfolios rather than merely high-risk assets. Concerns about the U.S. investment outlook and expectations of a weakening dollar have driven funds towards cryptocurrencies.