Key Highlights
- US Rep. Sheri Biggs invested between $100K and $250K in BlackRock’s iShares Bitcoin Trust ETF (IBIT).
- The transaction was carried out through a UBS-managed investment portfolio.
- This indicates growing interest among politicians in cryptocurrencies.
U.S. Representative Sheri Biggs, who represents South Carolina’s 3rd congressional district, has disclosed an investment in the iShares Bitcoin Trust ETF (NASDAQ: IBIT), associated with BlackRock, through her professionally managed trust account.
According to her recent Periodic Transaction Report (PTR) filed with the U.S. House of Representatives, Biggs bought shares of IBIT valued between $100,001 and $250,000 on March 4, 2026.
The report notes that the transaction was performed through the W.S.B. Trust, managed by UBS Financial Services. The purchase adds direct exposure to Bitcoin to her portfolio, at a time when the sector continues to attract both institutional and retail investors despite recent price volatility.
iShares overview
The iShares Bitcoin Trust ETF, managed by BlackRock, is currently hovering at $42.56, showing an intraday gain of 0.31% as of April 16. Regardless of the recent positive momentum, the ETF is still 36.23% down from its 52-week high of $71.82.
With net assets surpassing $59 billion and an average 30-day volume of around 46 million shares, IBIT remains the largest and most liquid spot Bitcoin ETF. It provides investors direct exposure to Bitcoin’s price performance amid current market volatility and increasing institutional interest in digital assets.
BlackRock also submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) on January 23, 2026, to launch the iShares Bitcoin Premium Income ETF (BITP). The ETF intended to offer monthly income using a covered call strategy based on its Bitcoin holdings.
Other purchases of Biggs
Apart from the Bitcoin ETF investment, Biggs also made smaller investments in traditional alternative assets, as disclosed in the filing. She purchased shares of Apollo Debt Solutions BDC Class S on March 3 and March 27, each in the range of $1,001 to $15,000.
She also acquired Oaktree Strategic Credit Fund Class S on March 30 within the same range. All these transactions were part of a dividend reinvestment strategy within her managed trust account. The filing underscores a diversified approach that combines exposure to digital assets with income-focused credit and debt instruments.
Continued interest in digital assets
The Bitcoin ETF purchase stands out as the largest single transaction in the filing and indicates growing mainstream acceptance of cryptocurrency among high-profile investors, including members of Congress.
Congressional financial disclosures are intended to ensure transparency and permit public scrutiny of potential conflicts of interest. While the amounts purchased are modest as compared to institutional scales, the inclusion of a major Bitcoin ETF indicates continued interest in digital assets within traditional political portfolios.
The filing also adds to the current conversation regarding congressional involvement in the crypto market and the wider integration of digital assets in diversified investment strategies.
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