Eric Trump has recommended investors to buy assets during dips. This statement comes amid record outflows from US Bitcoin ETFs.
Record Outflows from Bitcoin ETFs
On February 25, US spot Bitcoin ETFs recorded a record outflow of $937.9 million. This marked the sixth consecutive day of fund outflows, according to Farside Investors. The largest outflow was from the Fidelity Wise Origin Bitcoin Fund (FBTC), with $344.7 million withdrawn in one day.
Investor Sentiment Deteriorates
Alongside ETF outflows, investor sentiment is also worsening. The Crypto Fear and Greed Index dropped to 21, indicating 'extreme fear,' reaching its lowest level since last November.
Crypto Market Faces Uncertainty
Amid the outflows, investors remain nervous about the recent loss in Bitcoin's value. Currently, Bitcoin is trading at $89,015.40. The Fear and Greed Index remains low, reflecting significant uncertainty in the market.
As Bitcoin ETF outflows continue and investor sentiment worsens, Eric Trump's suggestion to buy dips garners particular interest.
