Overview

• Citigroup published a forecast outlining three possible year-end Bitcoin price outcomes tied to varying levels of spot ETF inflows.
• Under a base-case scenario with $15 billion in ETF inflows, Bitcoin could rise to $135,000 by December.
• The bank’s bullish projection suggests that sustained or increased institutional buying may propel Bitcoin toward $200,000.
• Citigroup cautions that a slowdown in ETF capital flows could spark a downturn, though it did not quantify the potential drop.
• ETF-related activity has driven over 40 percent of Bitcoin’s price movements this year and volatility is expected to mirror fund flow pressures as BlackRock’s IBIT nears $100 billion.