Invesco Galaxy Bitcoin ETF

Frequently Asked Questions About BTCO

What does BTCO invest in?

This exchange-traded product, known as the Invesco Galaxy Bitcoin ETF (or "the Trust"), provides common shares of beneficial interest ("Shares") that are listed and traded on the Cboe BZX exchange under the ticker "BTCO." Its core purpose is to replicate the market performance of bitcoin's spot price, which is determined by the Lukka Prime Reference Rate (serving as its benchmark), after factoring in the Trust's operating costs and any other liabilities.

What is the expense ratio of BTCO?

Invesco Galaxy Bitcoin ETF (BTCO) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BTCO?

Invesco Galaxy Bitcoin ETF (BTCO) manages $397.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BTCO actively managed or an index fund?

BTCO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BTCO launched?

Invesco Galaxy Bitcoin ETF (BTCO) launched in January 2024 and is managed by Invesco.

How has BTCO performed?

BTCO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.