Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Down 0.5% – What’s Next?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $86.66 and last traded at $86.73. Approximately 79,567 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 166,625 shares. The stock had previously closed at $87.14.

Invesco Galaxy Bitcoin ETF Price Performance

The business’s 50 day moving average is $95.16 and its 200 day moving average is $106.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC raised its position in Invesco Galaxy Bitcoin ETF by 173.5% during the third quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock valued at $33,017,000 after buying an additional 183,694 shares during the period. Flow Traders U.S. LLC acquired a new stake in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth about $913,000. Kelleher Financial Advisors purchased a new position in Invesco Galaxy Bitcoin ETF during the 3rd quarter valued at about $59,000. Virtu Financial LLC grew its stake in Invesco Galaxy Bitcoin ETF by 936.2% during the 3rd quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock valued at $11,702,000 after acquiring an additional 92,739 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at about $65,000.

Invesco Galaxy Bitcoin ETF Company Profile

The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.