Data: The asset management scale of cryptocurrency funds reached 167 billion USD in May, setting a new historical high

ChainCatcher news, according to Reuters, the assets held by crypto funds reached an all-time high in May. Data from Morningstar on 294 crypto funds shows that these funds attracted a net inflow of $7.05 billion last month, the highest level since December of last year, bringing total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data shows 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 point out that investors are viewing cryptocurrencies as a component of a diversified portfolio, rather than just a high-risk asset. Concerns about the investment outlook in the U.S. and expectations of a weaker dollar have driven funds into cryptocurrencies.