Crypto fund asset management scale reached US$167 billion in May, a record high

PANews June 10th news, according to Reuters, the assets held by the crypto fund hit a record high in May. Morningstar’s data on 294 crypto funds showed that the funds attracted a net inflow of $7.05 billion last month, the highest since December, bringing total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data shows that global stock funds had a net outflow of $5.9 billion in May, while gold funds had their first net outflow in 15 months, with a total amount of $678 million.

Analysts point out that investors are viewing cryptocurrencies as part of diversified portfolios, not just high-risk assets. Concerns about the outlook for U.S. investment and expectations of a weaker dollar have driven capital to cryptocurrencies.

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