U.S. Senator David McCormick's recent transactions in Bitcoin ETFs have drawn attention after he made significant trades in Bitwise’s bitcoin ETF (BITB) in late November 2025. McCormick, a member of the Senate Banking Committee and Digital Assets Subcommittee, purchased up to $200,000 in shares, with major transactions on November 26 and 28. These trades were disclosed on December 26.
Additional trades included a $15,001–$50,000 purchase on November 25, which gained 2.29%, and a $50,001–$100,000 purchase on November 24, which lost 0.72%. The timing of these trades has raised questions amid ongoing discussions about bitcoin ETF approvals, although no evidence of wrongdoing has been reported. McCormick's filings also noted purchases of municipal bonds in late December, all within legal boundaries.
Senator McCormick's Bitcoin ETF Trades Spark Scrutiny
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
