The asset management scale of cryptocurrency funds reached a historical high of $167 billion in May

According to Reuters, assets held by cryptocurrency funds reached a historic high in May. Morningstar's data on 294 cryptocurrency funds shows that these funds attracted a net inflow of $7.05 billion last month, the highest level since December last year, bringing the total assets under management to a record high of $167 billion. In contrast to cryptocurrency funds, Lipper data shows that global stock funds had a net outflow of $5.9 billion in May, while gold funds experienced their first net outflow in 15 months, with an amount of $678 million. Analysts point out that investors are viewing cryptocurrencies as a component of diversified investment portfolios, rather than just high-risk assets. The market's concerns about the investment prospects in the United States and the expectation of a weaker US dollar have driven the flow of funds towards cryptocurrencies.