Invesco Galaxy Bitcoin ETF
BTCO
65 hedge funds and large institutions have $256M invested in Invesco Galaxy Bitcoin ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
38% more capital invested
Capital invested by funds: $185M → $256M (+$70.6M)
14% more funds holding
Funds holding: 57 → 65 (+8)
6.42% more ownership
Funds ownership: 21.11% → 27.53% (+6.4%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$21M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$17.6M |
| 3 |
VF
Virtu Financial
New York
|
+$10.6M |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$10.3M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$2.78M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.15M |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$946K |
| 4 |
Renaissance Technologies
New York
|
-$480K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$471K |
BTCO Hedge Fund Activity: Q3 2025 in Review
65 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Galaxy Bitcoin ETF (BTCO) for Q3 2025, worth a combined $256M — up 38% from $185M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BTCO positions and 5 closed out — a net gain of 9 holders — while 23 added to existing stakes and 10 trimmed.
The largest buyer was Tidal Investments, adding an estimated $21M. The largest seller was Cetera Investment Advisers, cutting an estimated $2.78M.
- 65 institutional investors held Invesco Galaxy Bitcoin ETF (BTCO) as of Q3 2025, up from 57 in Q2 2025.
- Funds reported $256M of Invesco Galaxy Bitcoin ETF stock for Q3 2025, up 38% quarter-over-quarter.
- 14 funds opened new Invesco Galaxy Bitcoin ETF positions in Q3 2025 and 5 closed out, a net change of +9 holders.
- The largest Invesco Galaxy Bitcoin ETF buyer in Q3 2025 was Tidal Investments, an estimated $21M added.
- The largest Invesco Galaxy Bitcoin ETF seller in Q3 2025 was Cetera Investment Advisers, an estimated $2.78M sold.
Based on aggregated 13F filings for Q3 2025.