Crypto funds are showing their first signs of a recovery: Crypto ETFs attracted +$281.8 million in inflows last week, the first weekly inflow since the 2nd week of May. Bitcoin funds posted +$197.4 million in inflows, while Ethereum funds attracted +$84.4 million. This also marks the end of an 8-week streak of outflows, totaling more than -$7 billion. As a result, trailing 12-month inflows are down to +$1 billion, from +$10 billion in late April. By comparison, inflows peaked at +$12 billion in October 2025. Buyers are beginning to return to the crypto market.(The Kobeissi Letter)