BREAKING STORYBULLISH
Citigroup Lifts Bitcoin Target to $113,000 as ETF Inflows Return
The bank also raised its ether target to $3,028 from $2,240, citing renewed inflows into crypto exchange-traded funds.
Executive takeaway
Citigroup raised its 12-month bitcoin price target to $113,000 and its ether target to $3,028, pointing to the resumption of ETF inflows as the catalyst.
Citigroup raised its 12-month target for bitcoin to $113,000, citing a return of inflows into bitcoin exchange-traded funds after a stretch of outflows. The bank made a similar call on ether, lifting its target to $3,028 from $2,240.
The upgrade comes as investor interest in crypto-adjacent ETFs appears to be broadening beyond bitcoin and ether themselves. Separate from Citi's note, newer funds tracking assets like Zcash and Hyperliquid have drawn attention from investors looking for exposure beyond the two largest cryptocurrencies.
What isn't yet clear is how durable the ETF inflow trend will be, or whether it reflects a lasting shift in investor positioning rather than a short-term rebound after recent outflows.
What would change this view
If bitcoin ETF inflows reverse into net outflows again before Citi's 12-month window closes, the $113,000 target would lose its stated supporting evidence.
Wire sources cited
- The Motley FoolLooking for a Crypto ETF With Upside Potential? These 2 ETFs Are Worth a Closer Look.External ↗
- External ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.