Crypto ETFs are making a comeback: Crypto funds recorded +$1.1 billion in inflows last week, the largest in 7 weeks. This marks a reversal from 4 consecutive weekly withdrawals totaling -$4.7 billion. The US led with +$994 million in inflows, followed by Canada with +$98 million and Switzerland with +$24 million, while Germany saw -$57 million in outflows. Bitcoin led the inflows, at +$461 million, followed by Ethereum, at +$308 million. At the same time, investors pulled out -$1.9 billion from short-bitcoin ETPs. Upside momentum in crypto is returning.(The Kobeissi Letter)