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

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares saw an uptick in trading volume on Monday . 77,177 shares were traded during mid-day 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 Price Performance

The stock has a 50-day moving average of $93.80 and a 200-day moving average of $73.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth approximately $64,000. Brookstone Capital Management increased its holdings in shares of Invesco Galaxy Bitcoin ETF by 23.8% during the 4th quarter. Brookstone Capital Management now owns 8,059 shares of the company’s stock worth $752,000 after acquiring an additional 1,547 shares during the last quarter. Fermata Advisors LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 3rd quarter worth approximately $238,000. Gilbert & Cook Inc. increased its holdings in shares of Invesco Galaxy Bitcoin ETF by 124.4% during the 3rd quarter. Gilbert & Cook Inc. now owns 8,946 shares of the company’s stock worth $568,000 after acquiring an additional 4,960 shares during the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 3rd quarter worth approximately $549,000.

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.