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The firm expects roughly $5 billion of crypto ETF inflows over the next 12 months, driven by gradually higher allocations from advisers and brokerages.
Bitcoin (BTC) and Ethereum (ETH) edged higher in early morning trade on Thursday, with Citigroup raising its 12-month price targets for both leading cryptocurrencies, pointing to stronger crypto market activity, a more supportive macroeconomic backdrop and a resumption of exchange-traded fund inflo…
Bitcoin (BTC USD) price target: Citigroup has increased its 12-month Bitcoin price target from $82,000 to $113,000, reflecting stronger crypto market activity and a resurgence in ETF inflows. The bank anticipates $5 billion in crypto investment inflows over the next year as demand for Bitcoin and regulatory clarity…