Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Strong Trading Volume – Should You Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares saw strong trading volume on Tuesday . 89,576 shares traded hands during 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 business has a fifty day simple moving average of $92.81 and a 200 day simple moving average of $72.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth approximately $935,000. Headlands Technologies LLC bought a new position in Invesco Galaxy Bitcoin ETF during the second quarter valued at $64,000. Virtu Financial LLC purchased a new stake in Invesco Galaxy Bitcoin ETF in the second quarter worth $2,635,000. Sea Otter Advisors LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the second quarter valued at $729,000. Finally, Susquehanna International Group LLP lifted its position in shares of Invesco Galaxy Bitcoin ETF by 63.2% during the 2nd quarter. Susquehanna International Group LLP now owns 271,253 shares of the company’s stock valued at $16,207,000 after buying an additional 105,053 shares during the last quarter.

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.