Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Gap Up – What’s Next?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $92.92, but opened at $96.70. Invesco Galaxy Bitcoin ETF shares last traded at $97.54, with a volume of 26,296 shares traded.

Invesco Galaxy Bitcoin ETF Stock Performance

The firm has a 50 day moving average of $85.58 and a 200-day moving average of $70.13.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Invesco Galaxy Bitcoin ETF during the second quarter valued at $64,000. Fermata Advisors LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the third quarter valued at about $238,000. Gilbert & Cook Inc. increased its holdings in shares of Invesco Galaxy Bitcoin ETF by 124.4% in the third 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. Fortis Group Advisors LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the third quarter worth about $549,000. Finally, Sea Otter Advisors LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the second 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.