Invesco Galaxy Bitcoin ETF (BTCO)
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Something Is Happening With Bitcoin That I Would Have Never Expected: The BTCO Case
BTCO is a spot Bitcoin ETF with a 0.25% TER, liquid, and with externalized custody. It replicates the underlying BTC-USD well net of fees, with a linear performance relative to peers. I am looking with interest at the divergence that has formed relative to the performance of US equities.
Your Guide to Options ETFs After Election Day
Subscribers to Schaeffer's Chart of the Week will get the complete version of this article on Sunday.
BTCO: That Was A Great Run (Rating Downgrade)
A bull run in Bitcoin this year ensured excellent performance of related Bitcoin ETFs like the BTCO. Nonetheless, investors should be selective when picking a BTC ETF to invest in. Invesco Galaxy Bitcoin ETF is far from being competitive among other available options. Thus, I downgrade BTCO to Hold.
Invesco Galaxy Bitcoin ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 50 | $3,712.1 | $3,237.5 | -$474.6 | -12.79% |
| MJ Michelle Johnston 1620 INVESTMENT ADVISORS Inc. | 200 | $18,662 | $12,760 | -$5,902 | -31.63% |
| RAF Richard A. Flora Key Client Fiduciary Advisors LLC | 9,957 | $796,204.29 | $635,782.33 | -$160,421.96 | -20.15% |
 Lukas Lindgren Abound Wealth Management | 24 | $1,588 | $1,552.8 | -$35.2 | -2.22% |
 Kristy DeJarnette Financial Security Advisor, Inc. | 4,162 | $368,960.44 | $267,366.88 | -$101,593.56 | -27.54% |
Invesco Galaxy Bitcoin ETF (BTCO) FAQ
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Invesco Galaxy Bitcoin ETF Profile
| BATS Exchange | US Country |
Overview
The company operates in the digital asset industry, focusing specifically on providing a benchmark for determining the fair market value (FMV) of bitcoin. This valuation is crucial for investors and financial entities that need accurate, real-time data on the value of their bitcoin holdings. By using the execution price of bitcoin in its principal market as a base, the company ensures that the FMV reflects the most current market conditions. The valuation process is supported by Lukka Inc., an independent third-party digital asset data company, which adds a level of reliability and integrity to the benchmarks provided.
Products and Services
- Bitcoin Fair Market Value Benchmarking:
- Independent Valuation Services:
This service offers a reliable and up-to-date benchmark for the fair market value of bitcoin. It is designed to meet the needs of investors and financial institutions that require precise and current valuations of their bitcoin holdings. By utilizing the execution price of bitcoin on its principal market, clients are ensured a valuation that accurately reflects the latest market dynamics.
In collaboration with Lukka Inc., an independent digital asset data company, the firm provides independent valuation services that further assure the integrity and accuracy of the bitcoin fair market value. This partnership leverages Lukka Inc.'s expertise in digital asset data, offering clients a level of confidence in the provided benchmarks necessary for making informed investment decisions.
