Key stats
About INVESCO GALAXY BITCOIN ETF
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Inception date
Jan 11, 2024
Structure
Grantor Trust
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
BTCO aims to track the spot price of Bitcoin, as measured using the Lukka Prime Bitcoin Reference Rate, less expenses and liabilities. It intends to provide accessibility to Bitcoin without the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed by Bitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoins are generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily using the estimated fair market value price for Bitcoin, reflecting its execution price on the principal market, as identified each day by evaluating Bitcoin trading platforms across various criteria, including governance frameworks, trading volume, data transparency, and data integrity. At the time of launch, the Issuer waived a portion of the fee. The funds expense ratio and tracking should be reviewed and considered for comparison purposes.
Classification
Symbol
Geography
Global
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BTCO trades at 103.30 USD today, its price has risen 7.49% in the past 24 hours. Track more dynamics on BTCO price chart.
BTCO net asset value is 110.99 today — it's risen 21.66% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BTCO assets under management is 579.69 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BTCO price has risen by 7.49% over the last month, and its yearly performance shows a 53.26% increase. See more dynamics on BTCO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 21.66% over the last month, showed a 7.24% increase in three-month performance and has increased by 10.55% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 21.66% over the last month, showed a 7.24% increase in three-month performance and has increased by 10.55% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BTCO expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BTCO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, BTCO doesn't pay dividends to its holders.
BTCO trades at a premium (0.17%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BTCO shares are issued by Invesco Ltd.
BTCO follows the Lukka Prime Bitcoin Reference Rate - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 11, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.