## Senator’s Bitcoin ETF Purchases A U.S. Senator expanded his exposure to Bitcoin ETFs in the days leading up to the Thanksgiving holiday, continuing an active 2025 trading pattern focused on cryptocurrency-related assets and municipal securities. Senator David McCormick (R‑Pa.) disclosed new purchases of the Bitwise Bitcoin ETF Bitwise Bitcoin ETF in late November, adding to a substantial series of transactions earlier in the year. ### Latest November Transactions According to the disclosure, the senator executed two notable buys of the Bitwise Bitcoin ETF just before Thanksgiving. - November 24: purchase in the range of \$15,000–\$50,000 of BITB. - November 25: purchase in the range of \$50,000–\$100,000 of BITB. These trades came alongside additional activity in municipal securities reported in the same filing. ### Cumulative 2025 BITB Activity Throughout 2025, the senator repeatedly accumulated shares of the Bitwise Bitcoin ETF , with multiple buys spread across late winter and spring. Reported purchases include several transactions between late February and early April, each in ranges such as \$15,000–\$50,000 or \$50,000–\$100,000, building a sizable position over time. In total, his 2025 disclosure shows between \$550,000 and \$1.3 million allocated to the Bitwise Bitcoin ETF , based on the reported transaction ranges. ### Market Context Around Purchases The most recent ETF buys occurred while Bitcoin Bitcoin traded roughly between \$85,272 and \$89,206, with the asset later moving above those levels in subsequent days. Year to date in 2025, Bitcoin was slightly negative at the time of reporting, though it had recorded a notable gain over the prior week, while the Bitwise Bitcoin ETF showed a modest decline for the year. ### Senator’s Crypto Policy Profile The senator has developed a reputation as supportive of the cryptocurrency sector, which played a role during his successful 2024 Senate campaign. He previously served as CEO of Bridgewater Associates and received backing from crypto industry figures, including public support from Coinbase Global Coinbase Global, Inc. CEO Brian Armstrong, who highlighted his stance on digital assets. ### Role in Digital Assets Oversight In early 2025, on the same day as one of his initial ETF purchases, the senator participated in the first hearing of the Senate Banking Subcommittee on Digital Assets. He has publicly framed 2025 as a pivotal year for blockchain and digital assets, arguing that the technology can strengthen both innovation and national security, which reinforces attention to his parallel trading activity in a Bitcoin ETF . ### Debate Over Lawmaker Trading The senator’s ongoing buying of Bitcoin ETFs has intensified discussion over whether members of Congress should be allowed to trade stocks, options, and cryptocurrencies while shaping policy that may affect these markets. Observers note that his position on a digital-asset-focused subcommittee and his sizable ETF holdings could draw additional scrutiny, especially in the context of proposals such as a potential Bitcoin strategic reserve. *** > “2025 is the year for digital assets. Blockchain and digital assets offer Pennsylvania and America a chance to lead the next wave of innovation, enhancing our national security and our economy. Proud to be a member of the inaugural Senate Banking Subcommittee on Digital Assets.” *** **Author’s summary:** A pro‑crypto U.S. senator steadily built a large Bitwise Bitcoin ETF position in 2025, sharpening ethical debates as he helps steer digital‑asset policy.

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Benzinga on MSN — 2025-11-28