Senator David McCormick has disclosed two additional purchases of the Bitwise Bitcoin ETF ($BITB), adding at least $65,000 to his holdings and bringing his total 2025 Bitcoin ETF purchases to a minimum of $580,000. McCormick, who is an active member of the Senate Banking Committee and its digital assets subcommittee, continues to make some of the largest Bitcoin-related trades in Congress as the cryptocurrency trades more than 20% below last month’s levels. McCormick’s broader trading history is available here.
- McCormick made two $BITB purchases on November 25, valued at between $50,000–$100,000 and $15,000–$50,000, respectively.
- His cumulative $BITB purchases this year are between $580,000 and over $1 million due to congressional reporting rules requiring wide value ranges.
- Bitcoin has fallen more than 20% over the past month and is trading well below its yearly highs.
- McCormick previously served as CEO of Bridgewater Associates and has been an active participant in ongoing digital-asset policy discussions in the Senate.
- Congress is currently weighing several crypto-market structure bills, including proposals addressing spot Bitcoin market oversight and ETF regulatory authority.
Relevant Companies
- Bitwise Bitcoin ETF ($BITB) — Directly impacted as investor inflows and political visibility increase around Bitcoin ETFs.
- BlackRock iShares Bitcoin Trust ($IBIT) — Another major Bitcoin ETF that may see shifting flows as lawmakers and institutions expand BTC exposure.
- Coinbase ($COIN) — Serves as a key custodian and infrastructure provider for multiple Bitcoin ETFs, making regulatory and political attention to digital assets material.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
