Invesco Galaxy Bitcoin ETF
BTCO
57 hedge funds and large institutions have $185M invested in Invesco Galaxy Bitcoin ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
12% more funds holding
Funds holding: 51 → 57 (+6)
1% more capital invested
Capital invested by funds: $183M → $185M (+$1.79M)
20.93% less ownership
Funds ownership: 42.04% → 21.11% (-21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$21M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.68M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.54M |
| 4 |
Renaissance Technologies
New York
|
+$2.74M |
| 5 |
RL
RPO LLC
Stamford,
Connecticut
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$47.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$34.1M |
| 3 |
VF
Virtu Financial
New York
|
-$941K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$479K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$439K |
BTCO Hedge Fund Activity: Q2 2025 in Review
57 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco Galaxy Bitcoin ETF (BTCO) for Q2 2025, worth a combined $185M — up 0.97% from $183M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BTCO positions and 10 closed out — a net gain of 6 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $21M. The largest seller was Cresset Asset Management, cutting an estimated $47.1M.
- 57 institutional investors held Invesco Galaxy Bitcoin ETF (BTCO) as of Q2 2025, up from 51 in Q1 2025.
- Funds reported $185M of Invesco Galaxy Bitcoin ETF stock for Q2 2025, up 0.97% quarter-over-quarter.
- 16 funds opened new Invesco Galaxy Bitcoin ETF positions in Q2 2025 and 10 closed out, a net change of +6 holders.
- The largest Invesco Galaxy Bitcoin ETF buyer in Q2 2025 was Wells Fargo, an estimated $21M added.
- The largest Invesco Galaxy Bitcoin ETF seller in Q2 2025 was Cresset Asset Management, an estimated $47.1M sold.
Based on aggregated 13F filings for Q2 2025.