Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Large Volume Increase – Here’s Why

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw an uptick in trading volume on Monday . Approximately 478,406 shares traded hands during trading, an increase of 131% from the previous session’s volume of 207,327 shares.The stock last traded at $101.90 and had previously closed at $101.40.

Invesco Galaxy Bitcoin ETF Stock Down 1.4 %

The company’s fifty day moving average price is $98.95 and its two-hundred day moving average price is $78.23.

Institutional Trading of Invesco Galaxy Bitcoin ETF

A number of institutional investors have recently modified their holdings of BTCO. AdvisorNet Financial Inc grew its position in Invesco Galaxy Bitcoin ETF by 32.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,540 shares of the company’s stock worth $144,000 after buying an additional 380 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter worth approximately $221,000. Fortress Financial Solutions LLC acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the 4th quarter worth approximately $227,000. Financial Security Advisor Inc. purchased a new position in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at approximately $272,000. Finally, Fermata Advisors LLC acquired a new position in Invesco Galaxy Bitcoin ETF during the third quarter worth $238,000.

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.