NEUTRAL 55 BeInCrypto 1H ago · 3 min read

Citi pitches Bitcoin ETFs to clients as US funds shed $1 billion in two days

AI summary

Citi Wealth is pitching Bitcoin ETFs to its clients even as US Bitcoin funds saw $1 billion in outflows over two days following the Binance hack. The contrast highlights a split between institutional distribution efforts and near-term investor risk aversion. Traders should watch whether continued bank-led promotion offsets the outflow pressure on BTC-linked products.

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