Citi has revised downward its 12-month price targets for both bitcoin and ether, citing a notable decrease in exchange-traded fund (ETF) flows. This adjustment signals a more cautious outlook on the near-term performance of these leading cryptocurrencies, reflecting changing investor sentiment.
According to CoinDesk, the reduction in ETF inflows has played a significant role in the bank's reassessment. ETF flows are often considered a barometer of institutional interest and liquidity, so their decline can weigh heavily on price forecasts.
For Japanese investors, where crypto ETFs are gaining traction amid evolving regulatory frameworks, this development underscores the importance of monitoring institutional participation as a key factor influencing digital asset prices.