Yigit Taha OZTURK 
U.S. President Donald Trump’s announcement of a strategic Bitcoin reserve led to a negative response from investors. On March 7, Bitcoin-focused exchange-traded funds (ETFs) saw net outflows of nearly $370 million.
Institutional Investors Remain Cautious
According to Farside Investors, the outflows reflect institutional investors’ cautious stance toward Trump’s executive order signed on March 6, which established a national Bitcoin reserve but did not mandate direct Bitcoin purchases. This disappointed the market.
Alvin Kan, COO of Bitget Wallet, stated, “While Trump’s order acknowledges crypto’s role in global finance, the lack of fresh purchases disappointed investors.”
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Key Details
On March 6, Trump signed an executive order to create a strategic Bitcoin reserve and a digital asset stockpile. Initially, these reserves will include assets seized by law enforcement and through legal proceedings.
On March 7, Bitcoin’s price dropped over 2%, according to Google Finance data. Additionally, CME data showed more than a 2% decline in Bitcoin futures contracts.
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