Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Shares Gap Up – What’s Next?

Shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) gapped up before the market opened on Monday . The stock had previously closed at $84.05, but opened at $93.10. Invesco Galaxy Bitcoin ETF shares last traded at $89.47, with a volume of 135,383 shares trading hands.

Invesco Galaxy Bitcoin ETF Stock Performance

The stock has a 50-day moving average price of $96.67 and a two-hundred day moving average price of $82.60.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Large investors have recently made changes to their positions in the business. Synergy Investment Management LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF during the fourth quarter valued at approximately $28,000. AdvisorNet Financial Inc grew its stake in Invesco Galaxy Bitcoin ETF by 32.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,540 shares of the company’s stock valued at $144,000 after acquiring an additional 380 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at $221,000. NewEdge Advisors LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter valued at about $225,000. Finally, Fortress Financial Solutions LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the fourth quarter valued at about $227,000.

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.