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

Shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) gapped up prior to trading 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 trading hands.

Invesco Galaxy Bitcoin ETF Stock Up 4.1 %

The stock has a 50 day moving average of $90.04 and a 200 day moving average of $71.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in Invesco Galaxy Bitcoin ETF during the second quarter worth $64,000. Fermata Advisors LLC bought a new position in Invesco Galaxy Bitcoin ETF during the third quarter worth about $238,000. Fortis Group Advisors LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the third quarter worth about $549,000. Gilbert & Cook Inc. boosted its holdings 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 worth $568,000 after buying an additional 4,960 shares during the period. Finally, Sea Otter Advisors LLC purchased a new position in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $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.