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

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $93.80, but opened at $89.00. Invesco Galaxy Bitcoin ETF shares last traded at $87.30, with a volume of 72,438 shares.

Invesco Galaxy Bitcoin ETF Stock Down 7.8 %

The firm has a 50 day moving average of $98.24 and a 200 day moving average of $81.50.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Several large investors have recently added to or reduced their stakes in BTCO. Gilbert & Cook Inc. raised its holdings in Invesco Galaxy Bitcoin ETF by 124.4% during the 3rd quarter. Gilbert & Cook Inc. now owns 8,946 shares of the company’s stock valued at $568,000 after acquiring an additional 4,960 shares during the period. 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 purchasing an additional 12,937 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth about $1,054,000. Tidal Investments LLC grew its holdings in Invesco Galaxy Bitcoin ETF by 44.1% during the 3rd quarter. Tidal Investments LLC now owns 107,950 shares of the company’s stock valued at $6,859,000 after buying an additional 33,038 shares in the last quarter. Finally, Brookstone Capital Management increased its position in shares of Invesco Galaxy Bitcoin ETF by 23.8% during the fourth quarter. Brookstone Capital Management now owns 8,059 shares of the company’s stock valued at $752,000 after buying an additional 1,547 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.