Ether, XRP, Solana's SOL and Cardano's ADA, were also trading off their lows. Trump had previously named these tokens in a social media post teasing details of the "crypto reserve" on Sunday, but they were not specifically named in Thursday's executive order.
Bitcoin (BTC)
White House crypto and AI czar David Sacks detailed in a post on X that the bitcoin reserve will include coins already owned by the U.S. government that it seized from past law enforcement actions – a move, he emphasized, that will "not cost taxpayers a dime." The U.S. currently owns more than 198,000 bitcoins worth about $17 billion, according to Arkham.