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

Shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw unusually-high trading volume on Tuesday . Approximately 89,576 shares changed 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 Trading Down 5.1 %

The firm’s 50-day moving average price is $91.90 and its 200 day moving average price is $72.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTCO. Headlands Technologies LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF in the second quarter valued at approximately $64,000. Fermata Advisors LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the third quarter valued at about $238,000. Fortis Group Advisors LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF during the 3rd quarter worth approximately $549,000. Gilbert & Cook Inc. boosted its position in Invesco Galaxy Bitcoin ETF by 124.4% in the third quarter. Gilbert & Cook Inc. now owns 8,946 shares of the company’s stock worth $568,000 after purchasing an additional 4,960 shares during the last quarter. Finally, Sea Otter Advisors LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter worth about $729,000.

About Invesco Galaxy Bitcoin ETF

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.