PANews reported on March 17 that according to Jinshi, US President Trump had previously signed an executive order ordering the US Treasury and Commerce Department to establish a sovereign wealth fund within the next 12 months, and Michael Grimes, a former technology investment banker at Morgan Stanley, would be in charge of the fund. The fund is expected to receive funds mainly from tariffs. Currently, there are rumors in the currency circle that Trump may use the sovereign wealth fund to buy Bitcoin. Despite this, Bitcoin not only did not receive a boost on the 17th, but it even fell by more than 1% during the session.