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Bitcoin ETFs Draw USD 2.65B as Citi Raises its Price Forecast

Separately, Citigroup increased its 12-month Bitcoin forecast to USD 113,000 from USD 82,000, Reuters reported on October 1. The bank also raised its Ether target to USD 3,028 from USD 2,240. 

It cited stronger crypto activity, returning ETF inflows and a supportive economic backdrop. The revised figures are forecasts rather than confirmed future prices. Citi expects USD 5 billion in inflows over the next 12 months, with advisers and brokerages gradually increasing Bitcoin allocations. 

Meanwhile, John identified the October 8 jobless claims report as another scheduled reading on the US labor market. He also said inflation releases and Federal Reserve commentary could change interest-rate expectations as traders track whether ETF buying continues through October.

ALSO READ: Russia’s USD 46B Crypto Market: How New Rules Could Boost Bitcoin, Ether Adoption

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