In May, encryption funds attracted a net inflow of $7.05 billion, reaching a record total asset management high.

On June 10, it was reported that the assets held by crypto funds reached an all-time high in May. Data from Morningstar on 294 crypto funds showed that these funds attracted a net inflow of $7.05 billion last month, the highest level since December of last year, bringing the total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data indicated a net outflow of $5.9 billion from global equity funds in May, while gold funds experienced their first net outflow in 15 months, totaling $678 million. Analysts pointed out that investors are viewing crypto assets as part of a diversified portfolio rather than just high-risk assets. Concerns about the U.S. investment outlook and expectations of a weaker dollar have driven funds toward crypto assets.