Invesco Galaxy Bitcoin ETF (BATS:BTCO) Stock Price Down 0.9% – Should You Sell?

Invesco Galaxy Bitcoin ETF (BATS:BTCO)’s share price fell 0.9% on Thursday. The stock traded as low as $79.50 and last traded at $80.30. Approximately 10,531 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 98,431 shares. The stock had previously closed at $81.01.

Invesco Galaxy Bitcoin ETF Price Performance

The business has a 50-day simple moving average of $80.58 and a 200-day simple moving average of $73.13.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Institutional investors have recently modified their holdings of the company. Galaxy Digital Inc. acquired a new stake in Invesco Galaxy Bitcoin ETF during the first quarter worth approximately $48,916,000. Arete Wealth Advisors LLC grew its position in shares of Invesco Galaxy Bitcoin ETF by 50.3% in the 1st quarter. Arete Wealth Advisors LLC now owns 46,051 shares of the company’s stock valued at $3,102,000 after buying an additional 15,404 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of Invesco Galaxy Bitcoin ETF by 45.1% in the 1st quarter. Meitav Investment House Ltd. now owns 47,368 shares of the company’s stock valued at $3,196,000 after buying an additional 14,721 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth $201,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Invesco Galaxy Bitcoin ETF during the 2nd quarter worth $103,000.

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.