Citi


Markets

Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says

The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.

Crypto market to stay highly correlated to stocks, Citi says. (Miquel Parera/Unsplash)

Markets

Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi

Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Markets

Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi

The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.

Coinbase upgraded to buy from neutral on improving regulatory risk: Citi. (Coinbase)

Markets

Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi

Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs' net inflows, and may disappoint due to other factors such as the lack of staking, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Videos

Citi's Exploration Into Crypto and the Metaverse

Ryan Rugg, Head of Digital Assets for Citibank's Treasury and Trade Solutions (TTS) business, joined Consensus 2024 with a conversation on Citi's exploration into metaverse, tokenization and the broader crypto industry. Plus, the regulatory hurdles they faced along the way and the significance of collaborations with FinTech companies.

Recent Videos

Markets

Citi and Brazilian Development Bank Join Hyperledger Foundation

The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client.

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Markets

Citibank Tests Tokenization of Private Equity Funds on Avalanche

The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets.

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Finance

Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don't Need Green Light From SEC

Receipts Depositary Corp. aims to address the institutional desire for bitcoin investments that may not be satisfied by a spot ETF.

(Dynamic Wang/Unsplash)

Videos

Citi Developing Token Services for Institutional Clients

Citi announced recently it's developing a tokenization service for cash management and trade finance for institutional clients using blockchain technology and smart contracts. Ryan Rugg and Stephen Randall from Citi's Treasury and Trade Solutions discuss the move and what kind of interest they are seeing from institutional clients.

Recent Videos

Finance

Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral

JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?

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