Source: Cointelegraph Original: "{title}"

According to Farside Investors, on March 7, nearly $370 million in net outflows occurred from Bitcoin exchange-traded funds (ETFs), reflecting investors' negative reaction to President Trump's proposed U.S. strategic Bitcoin reserve plan.

The outflow of funds indicates that institutional investors are taking a cautious stance on Bitcoin (BTC) exposure following Trump's signing of an executive order on March 6. The order established a national Bitcoin reserve but did not indicate that the government would purchase Bitcoin, which disappointed traders.

Alvin Kan, Chief Operating Officer of Bitget Wallet, stated in an interview with Cointelegraph: "While Trump's executive order acknowledges the role of cryptocurrencies in global finance, the lack of a new purchasing plan has dampened market sentiment."

Source: Ryan Rasmussen

Vague Statements

On March 6, Trump signed an executive order announcing the establishment of a U.S. strategic Bitcoin reserve, while also setting up a digital asset reserve to hold other types of crypto assets.

However, the initial assets for both reserves would come from cryptocurrencies obtained by law enforcement through legal proceedings or asset seizures.

The order requires officials to "develop budget-neutral strategies to acquire more Bitcoin, provided that these strategies do not impose additional costs on U.S. taxpayers." Temujin Louie, CEO of cross-chain interoperability protocol Wanchain, stated in an interview with Cointelegraph: "The restrictive terms of the order did not meet market expectations for the U.S. government to directly purchase Bitcoin, which has led to considerable disappointment."

However, Bryan Armour, Director of Passive Strategy Research at Morningstar, stated in an interview with Cointelegraph: "Trump's order opens up the possibility of acquiring more Bitcoin without increasing taxpayer costs. This could introduce new buyers into the Bitcoin ecosystem."

According to Google Finance, on March 7, the spot price of Bitcoin fell by more than 2%.

At the same time, data from the Chicago Mercantile Exchange (CME), the largest derivatives exchange in the U.S., showed that Bitcoin futures contract prices generally fell by more than 2%. These futures contracts cover Bitcoin trading with different expiration dates.

Futures are standardized contracts representing an agreement to buy or sell an asset at a specific future date.

Ryan Rasmussen, Head of Research at asset management firm Bitwise, stated in a post on X that even without the U.S. government actively purchasing Bitcoin, "the U.S. strategic Bitcoin reserve means… other countries will buy Bitcoin… financial institutions have no reason" not to increase their Bitcoin allocations.

Austin Arnold, co-founder of Altcoin Daily, told Cointelegraph that this sell-off "is a classic 'buy the rumor, sell the news' event. In the long run, this is actually a positive signal."

Related: Trump's World Liberty purchased $20 million worth of cryptocurrency before the March 7 summit.

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