[Citigroup Raises Bitcoin 12-Month Price Target to $113,000, Expects Ethereum to Surpass $3,000] BlockBeats News, October 2, according to Forbes, Citigroup analysts have raised Bitcoin's 12-month price target from the previous $82,000 to $113,000 and expect Ethereum's price to surpass $3,000. Analysts believe that investment advisors and brokerage firms gradually increasing their allocation to crypto assets will drive more capital inflows into Bitcoin ETFs, potentially bringing approximately $5 billion in inflows to Bitcoin ETFs in the future. Currently, the asset under management (AUM) of U.S. Bitcoin spot ETFs is approximately $110 billion, holding around 1.3 million BTC, with BlackRock's IBIT holding over 800,000 BTC. Citi believes that as institutional funds continue to flow in, Bitcoin ETF inflows are expected to further rebound. [Original Link]