Donald Trump's ETF Announcement Is Extremely Bullish For Bitcoin, Here's Why

US President Donald Trump may have provided Bitcoin its next bullish narrative. Trump’s media company, Trump Media & Technology Group (DJT), has applied for a trademark.

Donald Trump’s media company has filed a trademark application for a Bitcoin exchange-traded fund called Truth.Fi.

The move comes amid broader optimism for Bitcoin among experts, who believe the crypto asset is nearing a major upswing.

Meanwhile, meme coins like Dogecoin and Solaxy are also seeing strong demand.

Donald Trump’s ETF Is Extremely Bullish For Bitcoin

Donald Trump’s announcement of a Bitcoin ETF didn’t result in any major move for BTC.

This tepid price action is likely due to the misconception that the Truth.Fi Bitcoin Plus ETF will not attract any significant capital.

After all, the current Bitcoin ETF landscape is dominated by two major players: BlackRock and Fidelity. The remaining ETFs, including Grayscale, see sparse inflows.

However, this line of thinking fails to account for Donald Trump’s popularity, particularly among American conservatives and the MAGA crowd.

Trump’s NFT collection, meme coin, golden sneakers and watches have all been hits despite largely being without any inherent value.

It would come as no surprise if the Truth.Fi Bitcoin Plus ETF sees substantial inflows and attracts a significant portion of the sidelined mainstream population

Moreover, the move underscores the seriousness of Donald Trump’s support for Bitcoin and the crypto market, given that the ETF would mean he has a real stake in the industry’s success.

This bodes well for the possibility of a Strategic Bitcoin Reserve creation.

Trump’s crypto czar, David Sacks, also hinted that Trump is keen on creating a Bitcoin stockpile.

Additionally, Treasury Secretary Scott Bessent stated, “Everything is on the table with Bitcoin,” potentially alluding to the US government investing in BTC through the newly-created Sovereign Wealth Fund.

A Strategic Bitcoin Reserve and SWF investment into BTC are both bullish for the crypto market and could propel the Bitcoin price to $200,000.

As such, smart money investors are amazed by Bitcoin’s resilience.

The largest cryptocurrency is trading within an ascending wedge, which indicates the BTC price could hit $120k in the coming weeks.

Are Meme Coins Also Making A Comeback?

The meme coin sector has had a lackluster start to the year. Its market capitalization, which was as high as $127 billion last year, is now down to $71 billion.

However, experts believe that the bottom could be in for meme coins.

For example, prominent crypto analysts believe the Dogecoin price is nearing a breakout and could hit a new all-time high in 2025 Q1.

Similarly, the Sui meme coin HIPPO is also set for a bullish reversal.

A new meme coin Solaxy (SOLX) is also in high demand, having already raised nearly $20 million in its presale.

Solaxy is a multi-chain meme coin, enabling both Ethereum and Solana buyers to ape in early, which explains the strong demand and high-upside potential.

Most importantly, it is a high-utility meme coin which could play a key role in the Solana ecosystem.

While Solana brands itself as a highly scalable blockchain, it struggles with network congestion and transaction failure during periods of heavy traffic. With Solaxy’s cutting-edge roll-up architecture, it could realize its full potential.

Layer-2 coins are usually seen as beta bets on their respective Layer-1s. Considering experts believe the Solana price will likely hit $500 in 2025, the strong demand for SOLX isn’t a surprise.

Given its low market cap, many are even calling it the next 100x meme coin.