# Invesco Galaxy Bitcoin ETF (BTCO): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/btco for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Alternatives - Strategy: Thematic · Inception: 2024-01-11 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. ## Key Facts | Metric | Value | |---|---| | Price | $80.99 | | Expense Ratio | 0.25% | | Assets Under Management | $412.8M | | NAV | $81.26 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $57.76 – $115.76 | | Beta | 2.14 | ## Frequently Asked Questions ### 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 $412.8M 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. ### Does BTCO pay a dividend? Invesco Galaxy Bitcoin ETF (BTCO) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BTCO pay dividends? Invesco Galaxy Bitcoin ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BTCO's dividend yield? BTCO's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BTCO's next ex-dividend date? BTCO hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will BTCO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BTCO charge its expense ratio? The expense ratio is deducted in tiny daily slices from BTCO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BTCO cost more than a fund like VOO? BTCO's strategy (current expense ratio 0.25%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BTCO sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BTCO? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BTCO (0.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/btco - Distribution history: https://www.dividenddata.com/funds/btco/dividend - Holdings & diversification: https://www.dividenddata.com/funds/btco/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/btco/expenses - Peer comparison: https://www.dividenddata.com/funds/btco/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.