Galaxy Digital Inc. Makes New $48.92 Million Investment in Invesco Galaxy Bitcoin ETF $BTCO

Galaxy Digital Inc. bought a new position in shares of Invesco Galaxy Bitcoin ETF (BATS:BTCO) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 725,000 shares of the company’s stock, valued at approximately $48,916,000. Invesco Galaxy Bitcoin ETF accounts for about 4.2% of Galaxy Digital Inc.’s investment portfolio, making the stock its 3rd biggest position. Galaxy Digital Inc. owned 0.14% of Invesco Galaxy Bitcoin ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of Invesco Galaxy Bitcoin ETF by 8.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,628 shares of the company’s stock valued at $283,000 after buying an additional 211 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Invesco Galaxy Bitcoin ETF by 152.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 358 shares of the company’s stock worth $31,000 after buying an additional 216 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Invesco Galaxy Bitcoin ETF during the 4th quarter worth $43,000. Raymond James Financial Inc. bought a new position in Invesco Galaxy Bitcoin ETF during the 2nd quarter worth $55,000. Finally, Kelleher Financial Advisors bought a new position in Invesco Galaxy Bitcoin ETF during the 3rd quarter worth $59,000.

Invesco Galaxy Bitcoin ETF Stock Down 0.9%

Shares of BATS BTCO opened at $63.82 on Friday. The business has a fifty day moving average price of $65.54 and a two-hundred day moving average price of $72.38. Invesco Galaxy Bitcoin ETF has a fifty-two week low of $57.76 and a fifty-two week high of $125.96.

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.