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The assets held by cryptocurrency — focused funds reached a record high in May. According to data from Morningstar on 294 cryptocurrency funds, these funds attracted a net inflow of $7.05 billion last month, the highest level since December last year, driving the total assets under management to a record — breaking $167 billion. In contrast to cryptocurrency funds, Lipper data showed that global equity funds experienced a net outflow of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, amounting to $678 million.
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