May marked a record milestone for crypto funds as assets held by these entities reached an all-time high according to Odaily data. Last month, the total value of crypto funds under management surged past $167 billion due to a net inflow of $7.05 billion, marking the highest level since December 2022. This influx contrasts with global equity fund outflows and gold fund outflows in May which signaled increased investor interest in cryptocurrencies as part of diverse investment portfolios. Concerns surrounding the U.S. investment outlook and expectations of a weakening dollar have further fueled this trend, driving investors to incorporate cryptocurrencies into their asset allocation strategies.