Rep. Ro Khanna disclosed purchasing as much as $100,000 worth of the spot bitcoin ETF IBIT, adding the BlackRock-issued cryptocurrency fund to a portfolio that has recorded tens of thousands of trades over his time in Congress.
The California Democrat reported buying between $50,000 and $100,000 of the iShares Bitcoin Trust ETF on Feb. 26, 2026. Based on the midpoint of the disclosure range, the investment is worth roughly $75,000. The purchase places Khanna among a small but growing group of lawmakers gaining exposure to regulated bitcoin investment vehicles as institutional demand for digital assets expands.
IBIT, which trades on the Nasdaq and carries a market capitalization of about $67.5 billion, is one of the largest spot bitcoin exchange‑traded funds in the United States. The product holds bitcoin directly in custody and is designed to track the cryptocurrency’s market price. Shares recently traded around $40.37.
Flows into spot bitcoin ETFs have become a closely watched barometer for the mainstream adoption of digital assets. Institutional investors, wealth managers, and some policymakers now use funds like IBIT as a regulated gateway to bitcoin exposure without directly holding the cryptocurrency.
Details of the transaction
- Date: Feb. 26, 2026
- Asset: iShares Bitcoin Trust ETF (IBIT)
- Transaction type: Buy
- Reported range: $50,000–$100,000
- Estimated value: about $75,000
- Owner: DC
Congressional financial disclosures report trades in broad dollar ranges rather than exact figures. Lawmakers are required under the STOCK Act to disclose transactions within 45 days, providing the public with a window into their investment activity.
Khanna is one of the most active traders in Congress. Financial disclosure data show roughly 19,625 career trades tied to the lawmaker, a figure that places him among the most prolific investors on Capitol Hill.
Bitcoin ETF draws interest on Capitol Hill
Khanna is not alone in trading the BlackRock fund. At least three members of Congress have reported transactions involving IBIT, according to disclosures compiled from the latest congressional trades. The ETF has quickly become one of the dominant vehicles for gaining exposure to bitcoin through traditional brokerage accounts.
BlackRock launched IBIT after U.S. regulators approved the first wave of spot bitcoin ETFs, a milestone that reshaped the digital asset investment landscape. The structure allows investors to buy and sell shares on a public exchange while the fund itself holds bitcoin in custody.
For policymakers, the emergence of these funds intersects with ongoing debates in Washington about crypto regulation, market structure, and financial oversight. Khanna serves on the House Committee on Armed Services and the House Committee on Oversight and Government Reform, and also sits on the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.
While those panels do not directly regulate ETFs, they increasingly examine cybersecurity, financial innovation, and emerging technologies—areas where digital assets and blockchain systems frequently appear in policy discussions.
As bitcoin ETFs continue attracting capital from institutional and retail investors alike, disclosures from members of Congress offer a glimpse into how policymakers themselves are approaching the rapidly evolving crypto market.