๐ Bitcoin Spot ETFs Down $5.4B YTD โ Citi Cuts 12-Month BTC Target to $82K
U.S. spot Bitcoin ETFs have shed $5.4 billion net year-to-date in 2026 โ the worst stretch since their January 2024 debut โ with eight straight weeks of outflows at one point before a brief $221M single-day recovery on July 3. Citigroup recently slashed its 12-month Bitcoin target from $112,000 down to $82,000, citing weak institutional appetite and negative ETF flows. BTC is currently trading around $64,000, up roughly 1.5% today but still well off its 2026 highs. Not financial advice. Are ETF outflows a contrarian buy signal or a sign institutions are stepping back for good?
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