Citi: Markets are skeptical about U.S. economic trends, ETF flows may continue to disappoint
On August 27, Citigroup stated in a research report on Friday that the cryptocurrency market has been struggling since the launch of the spot ETH (ETH) exchange-traded fund (ETF) in the United States on July 23. The bank noted that other risk assets have also performed weakly during this period, but after adjusting for volatility, cryptocurrencies have underperformed since the non-farm payroll (NFP) rebound.
Citigroup said that unless the market has more transparency on the "soft landing and hard landing outcomes" of the U.S. economy, the ETF's liquidity situation may continue to disappoint.
