Invesco Galaxy Bitcoin ETF (BATS:BTCO) Trading Down 3.6% – Should You Sell?

Invesco Galaxy Bitcoin ETF (BATS:BTCO)’s stock price fell 3.6% during mid-day trading on Tuesday . The company traded as low as $75.00 and last traded at $75.72. 54,222 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 110,693 shares. The stock had previously closed at $78.58.

Invesco Galaxy Bitcoin ETF Trading Up 0.8%

The business’s fifty day moving average is $69.44 and its 200 day moving average is $69.85.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Galaxy Digital Inc. acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter worth approximately $48,916,000. Meitav Investment House Ltd. increased its stake in Invesco Galaxy Bitcoin ETF by 45.1% in the first quarter. Meitav Investment House Ltd. now owns 47,368 shares of the company’s stock valued at $3,196,000 after acquiring an additional 14,721 shares during the last quarter. Arete Wealth Advisors LLC grew its position in Invesco Galaxy Bitcoin ETF by 50.3% in the first quarter. Arete Wealth Advisors LLC now owns 46,051 shares of the company’s stock valued at $3,102,000 after acquiring an additional 15,404 shares during the last quarter. Paladin Wealth LLC grew its stake in shares of Invesco Galaxy Bitcoin ETF by 16.9% during the first quarter. Paladin Wealth LLC now owns 16,537 shares of the company’s stock worth $1,116,000 after buying an additional 2,394 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its stake in shares of Invesco Galaxy Bitcoin ETF by 26.2% in the fourth quarter. Fortis Group Advisors LLC now owns 15,470 shares of the company’s stock valued at $1,291,000 after buying an additional 3,215 shares during the period.

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.