Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Strong Trading Volume – Still a Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw unusually-strong trading volume on Tuesday . Approximately 89,576 shares changed hands during mid-day 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 Stock Down 5.1 %

The company’s fifty day simple moving average is $91.90 and its 200 day simple moving average is $72.40.

Institutional Trading of Invesco Galaxy Bitcoin ETF

A number of large investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its stake in shares of 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. Sea Otter Advisors LLC bought a new stake in Invesco Galaxy Bitcoin ETF in the second quarter worth $729,000. Fermata Advisors LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF during the third quarter valued at about $238,000. Fortis Group Advisors LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the third quarter worth about $549,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $64,000.

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.