According to Reuters, crypto fund assets hit a record high in May. Data from Morningstar shows that 294 crypto funds saw a net inflow of $7.05 billion during the month, bringing total assets under management to $167 billion. In contrast, Lipper data shows global equity funds had a net outflow of $5.9 billion, while gold funds recorded their first outflow in 15 months, totaling $678 million.