Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Large Volume Increase – What’s Next?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares saw an uptick in trading volume on Tuesday . 89,576 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 95,715 shares.The stock last traded at $98.35 and had previously closed at $102.17.

Invesco Galaxy Bitcoin ETF Stock Performance

The company’s 50-day moving average is $92.81 and its two-hundred day moving average is $72.77.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $64,000. Fermata Advisors LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the third quarter worth $238,000. Fortis Group Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the third quarter valued at $549,000. Gilbert & Cook Inc. raised its position in 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 purchasing an additional 4,960 shares during the last quarter. Finally, Sea Otter Advisors LLC acquired a new position in Invesco Galaxy Bitcoin ETF during the 2nd quarter worth about $729,000.

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.