Citi raised its price targets for Bitcoin to $113,000 and for Ether to $3,028, citing gains of 40% and 68% respectively over the previous three months. The bank estimates that net inflows of approximately $800 million into US spot crypto ETFs and projected inflows of $5 billion from advisors and brokerages position Galaxy Digital well to benefit. Galaxy Digital operates trading, asset management, and infrastructure businesses and should gain from these inflows. Despite this positive outlook, Citi maintained its Neutral rating and lowered its price target on GLXY to $26. The regulatory environment has improved slightly despite the failure of the Clarity Act bill in the Senate.
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