Donald Trump’s announcement about the plan to establish a strategic crypto reserve has had a significant impact on Exchange-Traded Fund (ETF) markets focused on digital assets. Through a statement shared on Truth Social on Sunday, Trump emphasized that the US would have a strategic reserve including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
According to Yahoo Finance on Tuesday (4/3/2025), the largest Bitcoin ETFs based on assets, namely iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), experienced a surge of around 7% in trading on Monday. Additionally, Grayscale Bitcoin Trust (GBTC) also jumped 7%, while iShares Ethereum Trust (ETHA) recorded a 2.4% increase, as reported by data from etf.com.
Not only Bitcoin and Ethereum-based ETFs, but broader crypto industry ETFs also saw gains. The SkyBridge Crypto Industry and Digital Economy (CRPT) ETF rose 1.5%, driven by an 11.6% exposure to Coinbase (COIN) shares, which traded steadily on Monday. Bitwise Crypto Industry Innovators (BITQ) ETF also increased by 1%, influenced by a 9.2% allocation into MicroStrategy (MSTR), which saw a 2.2% increase. The Adaptiv Select (ADPV) ETF also rose by 1.3%, although one of its largest holdings, Robinhood (HOOD), fell by 1.3%.
While crypto ETFs maintained their gains, the prices of some crypto assets actually declined on Monday. Ethereum dropped by 9.1% in 24 hours, while XRP and Cardano weakened by 9.8% and 7% respectively.
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