Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw unusually-strong trading volume on Thursday . Approximately 143,632 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 143,115 shares.The stock last traded at $104.19 and had previously closed at $104.24.

Invesco Galaxy Bitcoin ETF Stock Performance

The company has a 50 day simple moving average of $97.34 and a 200 day simple moving average of $75.51.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC raised its stake in shares of Invesco Galaxy Bitcoin ETF by 44.1% during the third quarter. Tidal Investments LLC now owns 107,950 shares of the company’s stock valued at $6,859,000 after acquiring an additional 33,038 shares during the last quarter. Quadrature Capital Ltd bought a new position in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth $1,054,000. Arete Wealth Advisors LLC lifted its holdings in Invesco Galaxy Bitcoin ETF by 115.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 24,181 shares of the company’s stock worth $1,533,000 after buying an additional 12,937 shares during the period. Sea Otter Advisors LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $729,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the third quarter valued at about $549,000.

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.