BTCO — Invesco Galaxy Bitcoin ETF
Crypto Ranked #447 of 458 tracked ETFs · Issued by Invesco
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.
What If You'd Invested in BTCO?
See what a lump sum in BTCO would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Invesco Galaxy Bitcoin ETF (BTCO) is a crypto-focused fund issued by Invesco with $407 million in assets under management. It holds an ETFValuer grade of F, ranking 7th out of 11 peers in its category and 447th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.25%, which matches the category median, and offers no dividend income. Holdings breakdown data is not available for this vehicle.
Price action shows the fund trading at $78.01, sitting at 29.7% of its 52-week range between $57.76 and $125.96. Recent momentum has been positive, with one-month and three-month returns of +20.76% and +23.69% respectively, contrasting with a year-to-date decline of -12.76%. The one-year return of -29.91% aligns exactly with the category median. The F grade has remained unchanged over the last 35 tracked days, though the record is limited by only 2.6 years of price history.
Annualized volatility stands at 45.07%, classified as Very High, while the Sharpe ratio of -0.77 indicates poor risk-adjusted returns. The fund experienced a maximum drawdown of -53.33%, highlighting significant downside risk. Liquidity is moderate, with an average daily volume of 80,372 shares and a bid-ask spread of 0.08%. Beta data is not provided for this asset.
AI-generated summary based on the data on this page.
Market Backdrop
10-Year Treasury Yield: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What BTCO's Fees Cost You
BTCO charges an expense ratio of 0.25% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
BTCO Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.08% and average daily volume is 80K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $407M 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
| Period | Return |
|---|---|
| 1-Day | -1.78% |
| 1-Week | -0.55% |
| 1-Month | +20.76% |
| 3-Month | +23.69% |
| 6-Month | +13.44% |
| YTD | -12.76% |
| 1-Year | -29.91% |
| 3-Year | — |
How BTCO Compares to Other Crypto ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #421 | D |
IBIT | iShares Bitcoin Trust ETF | -30.01% | 0.25% | $61.4B |
| #429 | D |
FBTC | Fidelity Wise Origin Bitcoin Fund | -29.93% | 0.25% | $13.9B |
| #433 | D |
ETHA | iShares Ethereum Trust ETF | -42.87% | 0.25% | $8.63B |
| #438 | F |
BITB | Bitwise Bitcoin ETF | -29.88% | 0.2% | $2.98B |
| #439 | F |
ARKB | ARK 21Shares Bitcoin ETF | -29.89% | 0.21% | $2.68B |
| #446 | F |
EZBC | Franklin Bitcoin ETF | -29.89% | 0.19% | $434M |
| #447 | F |
BTCO | Invesco Galaxy Bitcoin ETF | -29.91% | 0.25% | $407M |
| #448 | F |
HODL | VanEck Bitcoin ETF | -29.77% | — | $1.21B |
| #453 | F |
BRRR | CoinShares Bitcoin ETF | -29.89% | — | $453M |
| #454 | F |
GBTC | Grayscale Bitcoin Trust ETF | -30.81% | 1.5% | $10.3B |
| #457 | F |
ETHE | Grayscale Ethereum Staking ETF | -43.33% | 2.5% | $1.89B |