President Trump Signs Executive Order Calling for US Sovereign Wealth Fund Creation

President Donald Trump on Monday, signed an executive order for the creation of the nation’s sovereign wealth fund. The move has already sparked curiosity over potential Bitcoin acquisitions.

The executive order directs US treasury and commerce departments to deliver a plan “within 90 days” for the creation of a sovereign wealth fund.

“We have tremendous potential,” said President Trump, while signing the order from the Oval Office.

“I think in a short period of time, we’d have one of the biggest funds,” the President added.

Already several US states including Texas and Alaska have their own sovereign wealth funds. However, the nation as a whole does not operate one.

Bitcoin advocates have taken the move as a positive signal towards the concept of a long-desired U.S. strategic Bitcoin reserve. Last month, Trump highlighted that he is considering the creation of a federal stockpile of Bitcoin.

The executive order contains details on how the fund would operate or be funded. The fund would be financed through tariffs and other financial streams, Trump noted.

Following the announcement, Bitcoin supporter Senator Cynthia Lummis responded saying that the order is a “big deal.”

This is a ₿ig deal. https://t.co/ZShfQcEGwc

— Senator Cynthia Lummis (@SenLummis) February 3, 2025

Lummis comment hints that the wealth fund could serve as a precede for US government Bitcoin stockpile.

Sovereign Wealth Funds Have Substantial Exposure to Crypto

Per K33 Research, Norwegian sovereign wealth fund (NBIM) holds 3,821 BTC as of January 2025, an increase of 1,375 BTC since June 30, 2024.

“NBIM’s indirect exposure is one of the strongest examples of how BTC is slipping into any well-diversified portfolio, and the growth is a testament to the market maturing and BTC ending up in any well-diversified portfolio,” the research head wrote on X.

The Norwegian sovereign wealth fund (NBIM) indirectly holds 3,821 BTC, reflecting an increase of 1,375 BTC since June 30, 2024, and a yearly growth of 2,314 BTC—a 153% increase compared to its end-of-year 2023 holdings.
It is important to highlight that this exposure likely… pic.twitter.com/seQ12cM2Rn

— Vetle Lunde (@VetleLunde) January 29, 2025

Additionally, Abu Dhabi’s sovereign wealth fund has been investing in digital assets.

Though Bitcoin or crypto was reportedly not mentioned during Trump’s signing, the fund would possibly be a vehicle for the government to buy and hold Bitcoin.