Invesco Galaxy Bitcoin ETF (BATS:BTCO) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Invesco Galaxy Bitcoin ETF (BATS:BTCO)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $72.36 and traded as low as $70.75. Invesco Galaxy Bitcoin ETF shares last traded at $70.89, with a volume of 28,320 shares trading hands.

Invesco Galaxy Bitcoin ETF Price Performance

The stock has a 50-day moving average of $80.11 and a two-hundred day moving average of $72.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BTCO. Arete Wealth Advisors LLC increased its position in shares of Invesco Galaxy Bitcoin ETF by 50.3% in the first quarter. Arete Wealth Advisors LLC now owns 46,051 shares of the company’s stock worth $3,102,000 after acquiring an additional 15,404 shares in the last quarter. Galaxy Digital Inc. acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the first quarter valued at approximately $48,916,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Invesco Galaxy Bitcoin ETF by 44.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,572 shares of the company’s stock valued at $376,000 after acquiring an additional 1,715 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Invesco Galaxy Bitcoin ETF by 17.9% in the 3rd quarter. First Trust Advisors LP now owns 59,735 shares of the company’s stock valued at $4,962,000 after acquiring an additional 9,081 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Invesco Galaxy Bitcoin ETF by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 9,213 shares of the company’s stock valued at $765,000 after acquiring an additional 265 shares in the last quarter.

Invesco Galaxy Bitcoin ETF Company Profile

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.