U.S. President Donald Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, disappointing some in the market who had hoped for a firm plan to buy new tokens.

President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday. The Treasury Department will set up an office to administer the reserve,

Bitcoin fell after President Donald Trump signed an executive order Thursday evening to establish a strategic bitcoin reserve and a separate digital-asset stockpile for cryptocurrencies other than bitcoin,