Invesco Galaxy Bitcoin ETF
BTCO
51 hedge funds and large institutions have $183M invested in Invesco Galaxy Bitcoin ETF in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
17.59% more ownership
Funds ownership: 24.45% → 42.04% (+18%)
1% more capital invested
Capital invested by funds: $181M → $183M (+$1.79M)
7% less funds holding
Funds holding: 55 → 51 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$32.4M |
| 2 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$6.97M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.88M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.45M |
| 5 |
FC
Farringdon Capital
London,
United Kingdom
|
+$1.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$15.3M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$6.08M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$1.54M |
| 4 |
Millennium Management
New York
|
-$1.04M |
| 5 |
Renaissance Technologies
New York
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Morgan Stanley
New York
| $82 | – | – | – |
|
|
52
Jane Street
New York
| – | -$15.3M | -164,043 | Closed |
|
|
QC
53
Quadrature Capital
London,
United Kingdom
| – | -$6.08M | -65,115 | Closed |
|
|
54
Millennium Management
New York
| – | -$1.04M | -11,096 | Closed |
|
|
55
Renaissance Technologies
New York
| – | -$1.03M | -11,000 | Closed |
|
|
GC
56
Gilbert & Cook
West Des Moines,
Iowa
| – | -$835K | -8,946 | Closed |
|
57
Walleye Capital
New York
| – | -$651K | -6,973 | Closed |
|
|
HF
58
HRT Financial
New York
| – | -$390K | -4,181 | Closed |
|
59
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$46.7K | -500 | Closed |
|
60
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$19K | -200 | Closed |
|
61
Osaic Holdings
Scottsdale,
Arizona
| – | -$6.81K | -73 | Closed |
|
|
HT
62
Headlands Technologies
Chicago,
Illinois
| – | -$280 | -3 | Closed |
|
BTCO Hedge Fund Activity: Q1 2025 in Review
51 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Invesco Galaxy Bitcoin ETF (BTCO) for Q1 2025, worth a combined $183M — up 0.99% from $181M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BTCO and 7 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 19 added.
The largest buyer was IMC Chicago, adding an estimated $32.4M. The largest seller was Jane Street, exiting entirely with an estimated $15.3M sold.
- 51 institutional investors held Invesco Galaxy Bitcoin ETF (BTCO) as of Q1 2025, down from 55 in Q4 2024.
- Funds reported $183M of Invesco Galaxy Bitcoin ETF stock for Q1 2025, up 0.99% quarter-over-quarter.
- 7 funds opened new Invesco Galaxy Bitcoin ETF positions in Q1 2025 and 11 closed out, a net change of -4 holders.
- The largest Invesco Galaxy Bitcoin ETF buyer in Q1 2025 was IMC Chicago, an estimated $32.4M added.
- The largest Invesco Galaxy Bitcoin ETF seller in Q1 2025 was Jane Street, an estimated $15.3M sold.
Based on aggregated 13F filings for Q1 2025.