Crypto Funds Hit Record High, Bitcoin Outperforms Gold as Institutional Appetite Fuels Surge

Cryptocurrency investment funds reached a record high of $167 billion in assets under management in May, driven by $7.05 billion in net inflows as investors increasingly embraced digital currencies for hedging and diversification amidst market volatility. This surge is attributed to the expanding DeFi ecosystem and institutional interest in cryptocurrencies following regulatory approvals for spot bitcoin and ether ETFs in the U.S., fueling a steady increase in funds since their launch earlier this year.