Crypto market momentum is accelerating: Crypto funds recorded +$1.06 billion in inflows last week, the highest since the 3rd week of January. This marks the 3rd consecutive weekly intake, bringing the total to +$2.8 billion. This now recovers most of the -$3.9 billion in outflows from the prior 5-week selling streak. Bitcoin ETFs led with +$793 million, making up 75% of total inflows, bringing the 3-week inflows to $2.2 billion. Ethereum saw +$315 million, bringing year-to-date net flows close to zero. Since the start of the Iran War, total crypto ETF assets under management have risen +$12 billion, or +9.4%, to $140 billion. Investors are returning to crypto despite the geopolitical turmoil.(The Kobeissi Letter)