Odaily Planet Daily News: Citigroup Group has raised its Bitcoin target price for the next 12 months from $82,000 to $113,000, and increased its Ethereum target price from $2,240 to $3,028.
Citigroup expects that inflows into crypto asset ETFs over the coming year could reach $5 billion, and believes that factors such as a rebound in ETF demand and a weakening U.S. dollar may provide support to the crypto market. In May and June this year, U.S. spot Bitcoin ETFs saw a combined net outflow of nearly $7 billion, but the flow reversed starting in July; by September, net inflows had already exceeded $2 billion. (Fortune)
Citigroup expects that inflows into crypto asset ETFs over the coming year could reach $5 billion, and believes that factors such as a rebound in ETF demand and a weakening U.S. dollar may provide support to the crypto market. In May and June this year, U.S. spot Bitcoin ETFs saw a combined net outflow of nearly $7 billion, but the flow reversed starting in July; by September, net inflows had already exceeded $2 billion. (Fortune)