Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Gap Down – Here’s Why

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares gapped down prior to trading 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 traded.

Invesco Galaxy Bitcoin ETF Price Performance

The firm has a 50-day simple moving average of $87.37 and a 200 day simple moving average of $70.69.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at $935,000. Headlands Technologies LLC acquired a new stake in Invesco Galaxy Bitcoin ETF during the 2nd quarter worth about $64,000. Virtu Financial LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter worth about $2,635,000. Sea Otter Advisors LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter valued at about $729,000. Finally, Susquehanna International Group LLP lifted its stake in Invesco Galaxy Bitcoin ETF by 63.2% in the second 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 period.

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.