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President Donald Trump Signs More Executive Orders
David Sacks, President Donald Trump’s “AI and Crypto Czar,” speaks to Trump about crypto, probably

Who’s going to the crypto summit in DC as rumors swirl

Big hopes for the Friday White House event are leading to big guesses, but here’s what we know.

The White House is hosting its inaugural “Crypto Summit” Friday, and gossip is spreading about this exclusive affair with reportedly only 25 attendees. Right now there are a lot of rumors swirling, like President Trump cutting capital gains to 0% “for crypto held over a year,” but little to back them up.

The biggest question is whether Trump will lay out details on the national strategic cryptocurrency reserve and if it will contain more than bitcoin, as he announced last weekend. One outlet reported that Commerce Secretary Howard Lutnick said the model will be announced on Friday, but there have been no corroborating reports on this. 

The meeting will be chaired by Trump’s “Crypto Czar” David Sacks, and we do have some details about who will sit at the table with him.

People who have RSVP’d yes:

Others who are on the invite list:

Vaguebooking it:

  • Robinhood’s Vlad Tenev said, “See you soon, DC,” in a post yesterday hinting he may be in attendance.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)

Beyond the potential announcements, many hope the summit will be a turning point for the industry. 

Ben James, founder of web3 platform 404, said that what truly matters is the broader regulatory approach — clear, innovation-friendly frameworks.

“These will be key to unlocking the full potential of blockchain technology, fostering sustainable growth, and positioning crypto as a cornerstone of the future digital economy,” James said.

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New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Tidal Trust II submitted form N-1A with the SEC to register a bitcoin ETF designed to systemically capture the cryptocurrency’s overnight return profile, a time window that delivered a significant portion of bitcoin’s upside last year.

The Nicholas Bitcoin and Treasuries AfterDark ETF provides long bitcoin exposure during US overnight hours, from the closing bell until the following morning’s market open, when the fund intends to unwind its positions, according to a document filed with the SEC on Tuesday. 

To gain that exposure, the ETF may use a number of methods, including bitcoin futures contracts, US-listed ETFs, or exchange-traded options on such bitcoin underlying funds. When the market is open and daytime trading is active, the fund’s portfolio will consist of US Treasury securities and other cash equivalents. 

In 2024, most of bitcoin’s gains occurred after-hours, senior Bloomberg ETF analyst Eric Balchunas reported:

The AfterDark ETF filing comes as bitcoin crossed $94,000 on Tuesday, rising 4.5% in the last 24 hours. Even though spot bitcoin ETFs saw nearly $60.5 million in outflows on Monday, the investment vehicles have a cumulative net inflow of $57.6 billion, per SoSoValue.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.