Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw an uptick in trading volume on Monday . 77,177 shares were traded during trading, a decline of 43% from the previous session’s volume of 136,402 shares.The stock last traded at $91.62 and had previously closed at $94.54.

Invesco Galaxy Bitcoin ETF Trading Down 2.8 %

The company has a fifty day moving average price of $93.80 and a two-hundred day moving average price of $73.33.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Several institutional investors have recently modified their holdings of BTCO. Headlands Technologies LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $64,000. Fermata Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at approximately $238,000. Fortis Group Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at approximately $549,000. Gilbert & Cook Inc. raised its position in Invesco Galaxy Bitcoin ETF by 124.4% in the 3rd quarter. Gilbert & Cook Inc. now owns 8,946 shares of the company’s stock valued at $568,000 after buying an additional 4,960 shares during the last quarter. Finally, Sea Otter Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $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.