Citi just flipped from zero to $5B in $BTC + $ETH ETF inflow forecasts over 12 months. That's a complete 180 from their July stance.
Their thesis: gradual institutional allocation increases into spot ETFs.
But here's the question โ is this Wall Street finally waking up, or are they late to the party and overcorrecting?
Zero to $5B in one quarter screams either:
1. They massively underestimated demand
2. Something structural changed fast
Either way, TradFi is rotating in. The institutional bid is real now.
Their thesis: gradual institutional allocation increases into spot ETFs.
But here's the question โ is this Wall Street finally waking up, or are they late to the party and overcorrecting?
Zero to $5B in one quarter screams either:
1. They massively underestimated demand
2. Something structural changed fast
Either way, TradFi is rotating in. The institutional bid is real now.