Citi Sells Clients on Bitcoin ETFs Despite $1 Billion Outflows

Citi is pitching spot Bitcoin and Ethereum exchange-traded funds to its wealth clients even as investors pulled about $1 billion from U.S. Bitcoin ETFs over the last two trading sessions. Citi Wealth published a report in October describing the funds as a regulated way for suitable clients to add digital assets alongside stocks and bonds; ETFs let investors hold crypto through brokerage accounts. U.S. Bitcoin ETFs lost $398.62 million on November 2 after $643 million left on October 30, while Ethereum ETFs shed $139.80 million on November 2. Those Bitcoin and Ethereum funds held $111.3 billion that day.