Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw strong trading volume on Monday . 175,372 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 159,114 shares.The stock last traded at $113.22 and had previously closed at $108.87.

Invesco Galaxy Bitcoin ETF Stock Up 4.5%

The business has a fifty day simple moving average of $114.35 and a two-hundred day simple moving average of $104.03.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Several large investors have recently added to or reduced their stakes in BTCO. IMC Chicago LLC grew its holdings in Invesco Galaxy Bitcoin ETF by 522.2% in the 1st quarter. IMC Chicago LLC now owns 414,952 shares of the company’s stock valued at $34,117,000 after buying an additional 348,257 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Invesco Galaxy Bitcoin ETF by 15.5% in the 1st quarter. Cresset Asset Management LLC now owns 560,360 shares of the company’s stock valued at $46,073,000 after purchasing an additional 75,000 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco Galaxy Bitcoin ETF by 117.9% in the 2nd quarter. Cetera Investment Advisers now owns 66,427 shares of the company’s stock valued at $7,143,000 after purchasing an additional 35,943 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Invesco Galaxy Bitcoin ETF by 171.1% in the 1st quarter. LPL Financial LLC now owns 41,790 shares of the company’s stock valued at $3,436,000 after purchasing an additional 26,375 shares during the last quarter. Finally, RPO LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at $2,183,000.

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.