Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Gap Down – Time to Sell?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $98.57, but opened at $95.59. Invesco Galaxy Bitcoin ETF shares last traded at $95.09, with a volume of 24,214 shares changing hands.

Invesco Galaxy Bitcoin ETF Trading Down 1.2 %

The firm has a fifty day moving average price of $88.45 and a 200-day moving average price of $71.04.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at $935,000. Headlands Technologies LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth $64,000. Virtu Financial LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the second quarter valued at about $2,635,000. Sea Otter Advisors LLC bought a new position in Invesco Galaxy Bitcoin ETF in the second quarter valued at about $729,000. Finally, Susquehanna International Group LLP raised its stake in Invesco Galaxy Bitcoin ETF by 63.2% during the second quarter. Susquehanna International Group LLP now owns 271,253 shares of the company’s stock worth $16,207,000 after acquiring an additional 105,053 shares in 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.