Crypto ETF selling pressure is back: Crypto funds recorded -$952 million in outflows last week, ending a streak of 3 consecutive weekly inflows. Investors have now withdrawn capital in 6 out of the last 10 weeks. Ethereum ETFs posted -$555 million in outflows, followed by -$460 million from Bitcoin funds. Meanwhile, Solana and XRP continued to attract inflows last week, at +$48.5 million and +$62.9 million, respectively. Despite the recent pullback, crypto funds have recorded +$46.7 billion in inflows year-to-date. Leverage is driving volatile sentiment in crypto.(The Kobeissi Letter)