Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Reaches New 52-Week High – Should You Buy?

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)’s stock price reached a new 52-week high on Friday . The company traded as high as $123.22 and last traded at $123.22, with a volume of 80337 shares changing hands. The stock had previously closed at $120.72.

Invesco Galaxy Bitcoin ETF Price Performance

The business’s 50-day moving average is $114.34 and its two-hundred day moving average is $105.06.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Invesco Galaxy Bitcoin ETF by 15,000.0% in the 1st quarter. CWM LLC now owns 302 shares of the company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Tsfg LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth approximately $34,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $55,000. SVB Wealth LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the first quarter valued at approximately $58,000. Finally, North Capital Inc. purchased a new position in Invesco Galaxy Bitcoin ETF in the second quarter worth $108,000.

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.