The Trump administration is exploring budget-neutral strategies to expand the United States' Strategic Bitcoin Reserve. Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, indicated that one such strategy involves utilizing revenue generated from tariffs to purchase additional Bitcoin holdings. This approach aligns with President Trump's broader vision of positioning the U.S. as a global leader in cryptocurrency adoption. ​

https://x.com/Cointelegraph/status/1911947712150352199

The Strategic Bitcoin Reserve, established by an executive order in March 2025, initially consists of Bitcoin assets seized through government enforcement actions. By potentially channeling tariff revenues into Bitcoin acquisitions, the Trump admin aims to boost this reserve without imposing additional burdens on taxpayers. ​

This development clearly shows the administration's commitment to integrating digital assets into national financial strategies and reflects a massive shift in governmental approaches to cryptocurrency.​

Bitcoin ETF flows swung sharply this week, with the biggest outflow of -$171.1M hitting on April 16, led by Fidelity (-$113.8M) and Ark (-$113.2M). The market quickly rebounded the next day with $106.9M in net inflows, suggesting renewed institutional buying. Overall, the flows show persistent volatility in investor sentiment despite BTC holding steady around $84K.

Ethereum ETFs continued to bleed, posting net outflows every day this week. April 11 last week marked the worst day, with Grayscale’s ETHE shedding -$26.1M. There were zero inflows across any issuer apart from 21 Shares and Greyscale with a combined $4M inflows , reflecting continued caution and lack of conviction in ETH markets.

This week’s leaderboard was topped by Metal DAO (MTL), which surged +15.1%, likely fueled by ongoing momentum within the Metallicus ecosystem. Solana (SOL) followed with a strong +11.2% gain, continuing to benefit from high user activity and meme coin trading on its network. Meanwhile, Bitcoin (BTC) and Ripple (XRP) both edged up +2.9%, holding steady amidst ETF volatility. Ethereum (ETH) closed the week with a modest +1.6% rise, underperforming its peers as ETF outflows continue.

All these assets and more available for trading on Metal Pay.