Eric Trump Says ”Buy The Dip” As Spot Bitcoin ETFs See Record Outflows

US President Donald Trump’s son Eric Trump says investors should buy the dip as US spot Bitcoin ETFs (exchange-traded funds) recorded their largest-ever daily outflows.

“Buy the dips,” the President’s son said to his over 5.6 million followers on X in a post yesterday.

Bitcoin

US Spot Bitcoin ETFs Suffer Record Outflows

Trump’s call to buy the dip comes as the 11 US spot Bitcoin ETFs collectively saw net outflows of $937.9 million on Feb.25. This also marked their sixth straight day of trading outflows, according to data from Farside Investors.

BTC ETF investors pulled the most capital out of the Fidelity Wise Origin Bitcoin Fund (FBTC), with $344.7 million leaving the fund’s reserves yesterday. This was also a record outflow for the ETF. 

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) recorded the second-biggest outflows of $164.4 million. Similarly, the Bitwise Bitcoin ETF (BITB) lost $88.3 million, while Grayscale’s two funds suffered combined net outflows of $151.9 million.

So far this month, the 11 US spot Bitcoin ETFs have seen $2.4 billion exit their reserves. There have also only been four days of net inflows for the funds in February.

Crypto Investor Sentiment Grows Even More Fearful

The recent ETF outflows coincide with the overall fearful sentiment in the crypto market. After undergoing a massive 24 point drop yesterday to its lowest level since November last year, the Crypto Fear and Greed Index continued to fall in the last 24 hours.

Currently, the index stands at 21, signaling “Extreme Fear” in the market.

Investors are in panic mode after Bitcoin dropped below $90K in the last 48 hours. It has pared some losses to trade at $89,015.40 as of 8:14 a.m. EST after falling to a 24-hour low of $86,008.23.

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