Citi cuts bitcoin, ether forecasts as ETF flows turn negative
FILE PHOTO: Citi Bank logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
July 1 : Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies.
The brokerage, in a note dated Tuesday, lowered its target for bitcoin to $82,000 from $112,000 and trimmed its ether forecast to $2,240 from $3,175.
Bitcoin was last trading at $58,864.27, its weakest level since September 2024, having halved in value from an all-time high of $126,223.18 in October last year. Ether was last at $1,585.63, its lowest since April 2025.
Crypto markets have struggled this year amid heightened market volatility, investor hype around big expected IPOs and persistent ETF outflows that track the assets.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Both cryptocurrencies are trading below their long-term moving-day averages, reflecting bearish sentiment. Citi’s bear-case scenario, which assumes recessionary macroeconomic conditions and continued ETF outflows, values bitcoin at $53,000 and ether at $1,094 over the next year.
Citi said its revision was driven by its decision to cut its 12-month net ETF inflow assumption to zero from $10 billion.
“ETF flows, an important driver of prices, have turned negative recently,” it said, adding that bitcoin ETF flows were down about $3.3 billion so far this year. The brokerage expects broader investor adoption to remain on hold until a new catalyst emerges.
It also said that slow progress on U.S. crypto legislation and concerns over potential bitcoin selling by digital asset treasury companies have hit investor sentiment, with the weakness coinciding with a rotation into AI-related assets.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
