Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sets New 1-Year High – What’s Next?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $104.00 and last traded at $104.00, with a volume of 1194 shares. The stock had previously closed at $101.56.

Invesco Galaxy Bitcoin ETF Stock Performance

The company has a fifty day simple moving average of $83.40 and a 200-day simple moving average of $69.56.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Several institutional investors and hedge funds have recently bought and sold shares of BTCO. Brookstone Capital Management increased its holdings in shares of Invesco Galaxy Bitcoin ETF by 84.3% in the 2nd quarter. Brookstone Capital Management now owns 8,603 shares of the company’s stock valued at $556,000 after purchasing an additional 3,935 shares during the period. Private Advisor Group LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $935,000. Headlands Technologies LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $64,000. Virtu Financial LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $2,635,000. Finally, Sea Otter Advisors LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $729,000.

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.