BTCO — Invesco Galaxy Bitcoin ETF

BTCO Price Performance — Growth of $10,000

Value of a $10,000 investment in BTCO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BTCO Drawdown

The "underwater" chart: BTCO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco Galaxy Bitcoin ETF (BTCO) is a crypto-focused fund issued by Invesco with $426 million in assets under management. It holds a grade of F, reflecting a score of 34.4 out of 100, and ranks 7th among 11 peers in its category. The fund carries an expense ratio of 0.25%, which matches the category median, and does not distribute dividends. Its overall standing is 439th out of 458 tracked ETFs across all categories. Holdings breakdown data is not available for this fund.

The fund's price of $80.67 sits at 39.5% of its 52-week range, indicating it is closer to its low than its high. Short-term performance shows declines of 0.27% over one day and 0.40% over one week, while the one-month return is -3.85%. Conversely, the three-month return has accelerated to +24.95%, contrasting with a year-to-date loss of -9.79% and a one-year drop of -24.94%. The one-year return of -24.94% is slightly below the category median of -24.91%. The rating has remained at grade F for the last 35 tracked days. Due to only 2.8 years of price history, the three-year return is not considered an established record.

Annualized volatility stands at 44.80%, which is labeled as Very High. The fund has experienced a maximum drawdown of -53.33%, highlighting significant downside risk. A Sharpe ratio of -0.67 suggests poor risk-adjusted returns relative to the risk taken. Liquidity is moderate, with an average daily volume of 43,606 shares. Beta data is not available for this fund. The combination of high volatility and negative Sharpe ratio characterizes the fund's recent behavior.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BTCO Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 44K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $426M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BTCO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BTCO Performance History

How BTCO Compares to Other Crypto ETFs