Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Gap Up – Time to Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $93.31, but opened at $96.40. Invesco Galaxy Bitcoin ETF shares last traded at $96.21, with a volume of 41,509 shares.

Invesco Galaxy Bitcoin ETF Price Performance

The firm’s fifty day moving average price is $91.25 and its 200-day moving average price is $72.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the second quarter worth about $64,000. Fermata Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth approximately $238,000. Gilbert & Cook Inc. grew its stake in shares of 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 purchasing an additional 4,960 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the third quarter valued at approximately $549,000. Finally, Sea Otter Advisors LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the second quarter worth 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.