Citi Sells Clients on Bitcoin ETFs Despite $1 Billion Outflows

Citi is pitching spot Bitcoin and Ethereum ETFs (exchange-traded funds) to its wealth clients. Over the last two trading sessions, investors pulled about $1 billion from US Bitcoin ETFs. On Monday, US Bitcoin and Ethereum ETFs lost $538 million combined. These funds, which let investors own crypto through a brokerage account, held $111.3 billion that day, per SoSoValue. What Citi’s Crypto Report Tells Its Clients Citi Wealth published “Expanding the Investable Universe: Introduction to Crypto ETFs” in October. It says suitable investors want new assets to sit beside their stocks and bonds. The report cites regulatory clarity, institutional adoption, and low long-term correlation with traditional assets, meaning crypto has not tended to move in step with them. It also lists risks and suitability limits.

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