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President Donald Trump revealed plans Sunday to create a strategic crypto reserve that will include Bitcoin, Ethereum, XRP, Solana and Cardano.

Bitcoin briefly jumped above $95,000 following the announcement before pulling back to around $90,000 as of Monday afternoon, according to CoinMarketCap data.

The top bitcoin exchange-traded funds (ETFs) by assets, the iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) , gained about 7% on Monday.

The announcement marks a potential shift in the U.S. government's approach to digital assets, which could reshape the crypto investment landscape.

Trump shared his plans through a post on Truth Social, announcing an executive order to create a U.S. Crypto Reserve that includes XRP, SOL, and ADA, and commenting that he will make sure the U.S. "is the Crypto Capital of the World."

In a follow-up post, the president added, "And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!"

The news triggered weekend price increases across the crypto market, though gains moderated by Monday. Ethereum is down 9.1% in 24 hours, while XRP shows a 9.8% loss and Cardano's ADA is off 7%, as of Monday afternoon.

Crypto ETFs React

Crypto-related ETFs, however, held on to some of the weekend's gains. According to etf.com data, the iGrayscale Bitcoin Trust ETF (GBTC) climbed 7%, while the iShares Ethereum Trust (ETHA) gained 2.4%.

First Trust’s SkyBridge Crypto Industry and Digital Economy ETF (CRPT) rose 1.5%, according to etf.com data. The fund holds 11.6% in Coinbase (COIN) stock, which traded flat on Monday.

The Bitwise Crypto Industry Innovators ETF (BITQ) gained 1%, boosted by its 9.2% allocation to MicroStrategy (MSTR) , which climbed 2.2%.

The Adaptiv Select ETF (ADPV) increased 1.3%, despite its 6.1% position in Robinhood (HOOD) , which saw shares fall 1.3%, according to etf.com data.

The White House is scheduled to host its first Crypto Summit this Friday, March 7, where additional details about the strategic reserve may emerge.

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