U.S. Senator David McCormick of Pennsylvania, a member of the Subcommittee on Digital Assets, purchased between $50,000 and $100,000 in the Bitwise Bitcoin ETF (BITB). The deal was part of a series of cryptocurrency investments he began in February 2025.

Senator McCormick has been actively investing in BITB since late February 2025, making several large purchases:

• February 27: $50,000–$100,000
• March 3: $50,000–$100,000
• March 10: $50,000–$100,000
• March 25: $50,000–$100,000

The Senator’s total investments in BITB since late February range from $375,000 to $850,000.

At the time of the last purchase, BITB shares were trading in the range of $86,310–$88,765, while Bitcoin was hovering around $87,200.

Senator McCormick’s active investment in Bitcoin ETFs has generated discussion in the crypto community and among politicians, given his role on the Subcommittee on Digital Assets. Some analysts see this as a signal of confidence in the crypto market from lawmakers.

Senator McCormick’s investment in Bitcoin ETFs highlights the growing interest and adoption of cryptocurrencies among government officials, which could impact the future development and regulation of digital assets in the United States.