Senator Acquires Bitcoin ETFs Ahead of Thanksgiving: 2025 Investments Exceed $500K

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BITB-0.27%

Source: Benzinga

Updated: Nov 28 2025

Senator's Bitcoin ETF Purchases: U.S. Senator David McCormick has made significant investments in the Bitwise Bitcoin ETF, purchasing between $15,000 to $100,000 on multiple occasions in 2025, totaling between $550,000 to $1.3 million.
Market Context: McCormick's latest purchases occurred while Bitcoin was trading between $85,272.20 and $89,206.34, despite Bitcoin being down 0.9% year-to-date in 2025.
Political Implications: McCormick's pro-crypto stance has garnered endorsements from key figures in the cryptocurrency sector, raising questions about the ethics of congressional members profiting from cryptocurrency investments.
Subcommittee Involvement: As a member of the Senate Banking Subcommittee on Digital Assets, McCormick's trading activities in Bitcoin ETFs may attract scrutiny, especially in light of discussions around a potential Bitcoin Strategic Reserve.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Senator Acquires Bitcoin ETFs Ahead of Thanksgiving: 2025 Investments Exceed $500K

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Tesla Plans to Discontinue Premium Models

Microsoft Q2 Earnings Exceed Expectations

People Also Watch