Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Trading Up 0.8% – What’s Next?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares shot up 0.8% during mid-day trading on Monday . The stock traded as high as $107.68 and last traded at $107.53. 51,857 shares were traded during trading, a decline of 74% from the average session volume of 197,328 shares. The stock had previously closed at $106.65.

Invesco Galaxy Bitcoin ETF Trading Up 0.8%

The company’s fifty day simple moving average is $103.03 and its 200-day simple moving average is $95.78.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Several institutional investors have recently bought and sold shares of BTCO. Cresset Asset Management LLC lifted its stake in shares of Invesco Galaxy Bitcoin ETF by 15.5% in the first quarter. Cresset Asset Management LLC now owns 560,360 shares of the company’s stock worth $46,073,000 after buying an additional 75,000 shares in the last quarter. IMC Chicago LLC grew its holdings in shares of Invesco Galaxy Bitcoin ETF by 522.2% in the first quarter. IMC Chicago LLC now owns 414,952 shares of the company’s stock valued at $34,117,000 after purchasing an additional 348,257 shares during the period. Jane Street Group LLC boosted its holdings in Invesco Galaxy Bitcoin ETF by 111.3% in the 4th quarter. Jane Street Group LLC now owns 164,043 shares of the company’s stock valued at $15,307,000 after purchasing an additional 86,396 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Invesco Galaxy Bitcoin ETF by 4.4% in the 4th quarter. Tidal Investments LLC now owns 112,670 shares of the company’s stock valued at $10,513,000 after buying an additional 4,720 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter worth approximately $4,075,000.

About Invesco Galaxy Bitcoin ETF

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.