Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.
On July 7, the U.S. Securities and Exchange Commission (SEC) officially acknowledged the filing to list and trade shares of the Truth Social Bitcoin and Ethereum ETF on the NYSE Arca exchange.
The fund, named after President Trump’s social media platform, was submitted under the Commission’s Rule 8.201-E for commodity-based trust shares. While this move does not yet represent approval, it marks a significant step forward and begins the comment period, allowing public and institutional feedback ahead of a potential green light.
Just hours earlier, another major signal emerged. According to a report by Crypto In America, the Trump administration is preparing to publish a comprehensive Bitcoin and digital asset policy paper around July 22.
White House sources suggest the document could include recommendations for creating a strategic Bitcoin reserve—potentially mimicking El Salvador’s model on a far larger scale. It may also include proposals to ensure fair banking access for crypto firms through the Federal Reserve’s infrastructure, long criticized for resisting such integrations.
Markets could react in several ways depending on the specifics of the policy and the ETF’s progress. If the July 22 report confirms support for a national Bitcoin reserve, it could drive institutional optimism and push prices higher—especially if paired with federal backing or Fed integration for crypto services. The Truth Social ETF’s momentum could also amplify bullish sentiment, especially among retail investors who support Trump’s initiatives.
However, delays, unclear policy language, or opposition from regulators could trigger uncertainty. If either event underdelivers, traders may take profits or reduce exposure in the short term.
Overall, the coming weeks represent a critical window for Bitcoin’s political and market positioning in the U.S.—and potentially its next price move.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?