Invesco Galaxy Bitcoin ETF
BTCO
56 hedge funds and large institutions have $203M invested in Invesco Galaxy Bitcoin ETF in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 12 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
7.55% more ownership
Funds ownership: 29.32% → 36.87% (+7.6%)
3% less capital invested
Capital invested by funds: $208M → $203M (-$5.27M)
14% less funds holding
Funds holding: 65 → 56 (-9)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$44.5M |
| 2 |
Jane Street
New York
|
+$3.97M |
| 3 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$3.92M |
| 4 |
VF
Virtu Financial
New York
|
+$3.08M |
| 5 |
FC
Farringdon Capital
London,
United Kingdom
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.89M |
| 2 |
RL
RPO LLC
Stamford,
Connecticut
|
-$1.77M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.67M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.39M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.14M |
BTCO Hedge Fund Activity: Q1 2026 in Review
56 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Invesco Galaxy Bitcoin ETF (BTCO) for Q1 2026, worth a combined $203M — down 2.5% from $208M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BTCO and 6 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 20 added.
The largest buyer was Susquehanna International Group, adding an estimated $44.5M. The largest seller was Wells Fargo, cutting an estimated $3.89M.
- 56 institutional investors held Invesco Galaxy Bitcoin ETF (BTCO) as of Q1 2026, down from 65 in Q4 2025.
- Funds reported $203M of Invesco Galaxy Bitcoin ETF stock for Q1 2026, down 2.5% quarter-over-quarter.
- 6 funds opened new Invesco Galaxy Bitcoin ETF positions in Q1 2026 and 12 closed out, a net change of -6 holders.
- The largest Invesco Galaxy Bitcoin ETF buyer in Q1 2026 was Susquehanna International Group, an estimated $44.5M added.
- The largest Invesco Galaxy Bitcoin ETF seller in Q1 2026 was Wells Fargo, an estimated $3.89M sold.
Based on aggregated 13F filings for Q1 2026.