Invesco Galaxy Bitcoin ETF

Overview: The Invesco Galaxy Bitcoin ETF (BTCO) is a passively managed ETF listed on Cboe BZX Exchange, launched on January 10, 2024, offering direct exposure to bitcoin’s spot price.

Investment Objective: Aims to track the spot price of bitcoin using the Lukka Prime Reference Rate, less the Trust’s expenses and liabilities.

Expense Ratio: Charges a 0.25% management fee, with a promotional 0% fee for the first six months on the first $5 billion in assets, expiring July 11, 2025, unless renewed.

Holdings and Custody: Holds physical bitcoin, with Galaxy Digital Funds LLC as the execution agent and a qualified custodian ensuring secure storage.

Risk Profile: Highly volatile due to bitcoin’s price fluctuations; not suitable for all investors, with potential for significant or total loss, and not registered under the Investment Company Act of 1940.

Performance: As of July 2025, BTCO has approximately $757 million in assets under management, with performance tied to bitcoin’s volatile market movements

Background: Invesco is a global investment management firm with over $1.6 trillion in assets under management.

Products: Offers 200+ ETFs through its Invesco QQQ and factor-based product lines.

Bitcoin ETFs: The Invesco Galaxy Bitcoin ETF (BTCO) launched in January 2024 through a partnership with Galaxy Digital.

Partnership: Galaxy Digital provides crypto trading, custody coordination, and market expertise.

Fee: Competitive expense ratio of 0.25%.