IQ

BTCO Invesco Galaxy Bitcoin ETF

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$79.62
+3.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, BTCO lost 20.7%, against −20.5% for bitcoin.

Why did BTCO return −20.7% over one year, against Bitcoin’s −20.5%?How closely does BTCO track Bitcoin?What do BTCO’s net flows of $0 over the last 3 trading days mean?
A spot Bitcoin trust. It holds the coin and trades like a share.Invesco ↗Expense ratio 0.25%Fund assets $389m on Nov 3, 2026First traded Jan 11, 2024Benchmark BitcoinSEC filings ↗Every Invesco fund ETFIQ covers

Promise check: DeliveredOver the year to Nov 4, 2026, BTCO returned −20.7% against −20.5% for Bitcoin. Before its 0.25% fee, it finished 0.02 points ahead of Bitcoin.

Compare with…Trading costsPut to the committeeaskIQ about BTCOAdd to portfolioFlowsAlerts

BTCO risk and return scorecard

vs Bitcoin

Not measured: no price history kept for BTCO.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Nov 3, 2026
Latest day
$0
Last 3 trading days
$0
Since Oct 2026
−$4.1m
In on 0 days, out on 1. 48 days missing.
askIQ: what do these flows mean? ↗

What you earned

BTCO −6.7%, Bitcoin −6.6%: total return over one month to Nov 4, 2026.
BTCO−6.7%
Bitcoin−6.6%
BTCO +23.5%, Bitcoin +23.5%: total return over three months to Nov 4, 2026.
BTCO+23.5%
Bitcoin+23.5%
BTCO −1.8%, Bitcoin −1.7%: total return over six months to Nov 4, 2026.
BTCO−1.8%
Bitcoin−1.7%
BTCO −8.7%, Bitcoin −8.5%: total return over the year to Nov 4, 2026.
BTCO−8.7%
Bitcoin−8.5%
BTCO −20.7%, Bitcoin −20.5%: total return over one year to Nov 4, 2026.
BTCO−20.7%
Bitcoin−20.5%
BTCO +71.1%, Bitcoin +73.0%: total return since launch to Nov 4, 2026.
BTCO+71.1%
Bitcoin+73.0%
askIQ: why did BTCO return −20.7% over one year, against Bitcoin’s −20.5%? ↗

Did it track the coin?

Spot Bitcoin
−20.7%
Total return, 1 year
Report
−20.5%
Bitcoin over the same days
Report
−0.2 pts
Difference against Bitcoin, in percentage points
Report
707
Days it has traded
Report
askIQ: how closely does BTCO track Bitcoin? ↗

More on BTCO

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BTCO flows, by email on Sundays.

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Price, 1 year

$79.62+3.0%1 day, priceClose, Nov 4, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Last checked Nov 4, 2026. Report a data error

BTCO returns by window: total return, cash paid and price change
WindowTotal returnBitcoinDifference, percentage points
1M Oct 5 – Nov 4, 2026−6.7%−6.6%0.0 pts
3M Aug 5 – Nov 4, 2026+23.5%+23.5%−0.1 pts
6M May 6 – Nov 4, 2026−1.8%−1.7%−0.1 pts
YTD Dec 31, 2025 – Nov 4, 2026−8.7%−8.5%−0.1 pts
1Y Nov 4, 2025 – Nov 4, 2026−20.7%−20.5%−0.2 pts
Since launch Jan 11, 2024 – Nov 4, 2026+71.1%+73.0%−1.9 pts
Since launch, annualised Jan 11, 2024 – Nov 4, 2026+21.0%––

Total returns, distributions reinvested. Listed Jan 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where every fund in this set sits

How much of what holding the coin gave did a holder of the fund keep?

Share of the coin's growth it kept
LTCN 88.1%GBTC 98.5%HBR 98.9%LTCC 98.9%ETHE 99.1%BITB 99.7%, and 11 more at this point: FETH 99.7%, IBIT 99.7%, QETH 99.7%, ARKB 99.8%, BRRR 99.8%, ETHA 99.8%, EZBC 99.8%, BTC 99.9%, ETHV 99.9%, HODL 99.9%, ETHW 100.0%BTCW 99.7%EZET 99.7%FBTC 99.7%TETH 100.5%ETH 101.7%BSOL 105.8%OBTC 106.1%GXLM 142.7%BTCO 99.8%BTCO 99.8%88.1%142.7%
88.1% to 142.7% across 26

That is the share of the 26 spot crypto trusts with a full year sitting at or below BTCO.

Share of the coin's own price growth a holder kept; funds on different coins are ranked together. Where the fund sits in this set, not a rating. Do not average it with another category's score.

48.1
IQ Crypto ScoreETFIQ Coin Capture Score14th of 26 · Nov 4, 2026
1.9 · lowest of 26 spot crypto trusts with a full year98.1 · highest

How much of its coin's move it captured, after costs, ranked against 26 spot crypto trusts with a full year. 100 is best. How it is computed

BTCO kept 99.8% of what holding Bitcoin gave over the same days.

share of the coin's growth it kept99.8% · 48th pct
All 26 ranked by this score →

Money in and out

Daily data · as of Nov 3, 2026

BTCO: in the 22 trading days to Nov 3, 2026, net $4.1m went out, from 17 counts.

1D
$0
Nov 2, 2026 to Nov 3, 2026
5D
$0
0.0% of $404m on Oct 27, 2026
Oct 28, 2026 to Nov 3, 2026
3 of 4 trading days counted
Since Oct 2026
−$4.1m
Oct 6, 2026 to Nov 3, 2026
Net flow each trading day
Net flow into BTCO each trading day, Aug 4, 2026 to Nov 3, 2026−$4.1mmonthly, from SEC filingsdaily, from Invesco+$4.1m−$4.1mAug 4, 2026Nov 3, 2026

BTCO, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 0 days and went out on 1 day, of the 17 days with daily data; the other 48 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 48 days missing.

Net flow into BTCO each trading day, Nov 4, 2025 to Nov 3, 2026−$4.1mmonthly, from SEC filingsdaily, from Invesco+$4.1m−$4.1mNov 4, 2025Nov 3, 2026

BTCO, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 0 days and went out on 1 day, of the 17 days with daily data; the other 234 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 234 days missing.

Net flow into BTCO each trading day, Apr 2, 2025 to Nov 3, 2026−$4.1mmonthly, from SEC filingsdaily, from Invesco+$4.1m−$4.1mApr 2, 2025Nov 3, 2026

BTCO, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 0 days and went out on 1 day, of the 17 days with daily data; the other 383 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 383 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from Invesco’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for BTCO, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare BTCO with other funds in the flows tool

Every trading day, last 3 months17 days
Nov 3, 2026 $0 covers 2 trading days
Oct 30, 2026 $0
Oct 29, 2026 $0 covers 2 trading days
Oct 27, 2026 $0
Oct 26, 2026 $0
Oct 23, 2026 $0
Oct 22, 2026 $0
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 −$4.1m covers 3 trading days
Oct 14, 2026 $0
Oct 13, 2026 $0
Oct 12, 2026 $0
Oct 9, 2026 $0
Oct 8, 2026 $0
Oct 7, 2026 $0
Oct 6, 2026 $0 covers 2 trading days

Most recent first.

Week by week, last year5 weeks
Nov 3, 2026 $0 1 day
Oct 30, 2026 $0 4 of 5 trading days
Oct 23, 2026 −$4.1m
Oct 14, 2026 $0 3 days
Oct 9, 2026 $0 4 days

Net flow into BTCO each week, Oct 6, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outOct 2026 to Nov 2026

BTCO, money in and money out each month from Oct 2026 to Oct 2026: two bars a month, money in above the line and money out below. Every bar is ETFIQ’s sum of its days. Nov 2026 is still in progress, so it is in the list and not drawn. Of the 2 months listed, money came in on net in 0 and went out in 1.

Every bar is ETFIQ’s sum of its days. Of the 2 months listed, money came in on net in 0 and went out in 1.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 3 to Nov 3$0$0$0
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 30, 16 of 19 trading days$0−$4.1m−$4.1m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.

BTCO key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$105.67 on Nov 10, 2025
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$58.40 on Jun 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$79.62, 45% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)1.00, against bitcoin
R-squared, the same days (ETFIQ)1.00
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 3, 2026
Trading · BTCOas of Nov 3, 2026
·
Not scored1 of 6 measured · Nov 3, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$0.450.045%
$10,000$4.500.045%
Premium or discount to NAV, Nov 3 close+1.48%
−1.9%95% of days within ±1.48%+1.9%
How to tradeLimit: midpoint + 4¢ to buy, midpoint − 4¢ to sell.At the Nov 3 close of $77.32, that’s $77.36 to buy and $77.28 to sell.
Full trading page: components, premium history, dealers →

BTCO for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
BTCO interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000

BTCO is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About BTCO

SponsorInvesco
HoldsBitcoinReport
Sponsor’s fee (10-Q)0.25%
Fee waiverthe whole fee. The filing gives no end date.
Net assets (issuer page, as of Nov 3, 2026)$389mReport
Stakingthe chain has none, so no fund holding it can pay a staking yield
First tradedJan 11, 2024
Days traded707
Days it closed unchanged1
Quotedon an exchange, every trading day
Price$79.62
Against Bitcoin, same days0.2% behind
Reports to the SEC on10-K, not N-PORT
How we measure
Over the year to Nov 4, 2026, Bitcoin moved −20.5% and BTCO returned −20.7%. That leaves it 0.18 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only number on this page the sponsor does not publish itself. BTCO charges 0.25% a year and finished 0.2% behind Bitcoin, so the fee is almost the whole of the difference. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Bitcoin it custodies.
Fund closes and coin closes from Tiingo, read at the same two dates. ETFIQ calculation. Method
IQ Investment Committee on BTCO

12 seats on BTCO, as of Nov 4, 2026: 1 Supports, 1 Mixed, 3 Challenges, 6 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put BTCO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about BTCO

Does BTCO track Bitcoin?
Over the year to Nov 4, 2026 it returned −20.7% against Bitcoin’s −20.5%, which leaves it 0.18 of a percentage point behind. That difference carries the fee, the custody cost and the market’s pricing of the shares, and ETFIQ computes it from the fund’s own closes and the coin’s own closes over the same two dates.
Does BTCO stake?
Bitcoin is a proof of work chain, so there is nothing to stake and no fund holding it can pay a staking yield.
What is BTCO?
Invesco Galaxy Bitcoin ETF, a spot Bitcoin trust sponsored by Invesco, first traded Jan 11, 2024. It holds the coin through a custodian rather than futures on it or shares in companies that own it.
Sources and dates
Prices, BTCO and BitcoinPrices, Tiingo end of day ↗
Fee, 0.25%Sponsor’s fee, read from the 10-Q filed Aug 7, 2026 ↗
Net assets, $389mIssuer page · Nov 3, 2026
All fund filingsFilings on SEC EDGAR ↗
IssuerInvesco website ↗
Sponsor’s fee, read from the 10-Q filed Aug 7, 2026 ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, BTCO, crypto ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/btco

The tracking bar for BTCO, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Tracking difference
The fund’s total return minus the coin’s over exactly the same days, in percentage points. The fee, the custody cost, the creation and redemption friction and whatever the market paid for the shares, all of it, in one number.
Spot
The fund holds the coin itself, through a custodian, rather than futures on it or shares in companies that own it. Only spot funds are in this category; the others are measured where they belong.
Sponsor
Who runs the fund. Most spot crypto ETFs are 1933 Act trusts rather than registered investment companies, so they have a sponsor rather than an adviser, and file a 10-K rather than an N-PORT.
Thinly quoted
A fund whose price sat unchanged on more than one trading day in twenty. Its quoted return is what somebody paid on the days anyone traded, which is not the same thing as what the fund did, so ETFIQ shows it and does not rank it against funds that trade.
Staking
Only proof of stake coins can be staked, so it exists for ether and Solana funds and cannot exist for a bitcoin one. Where a fund stakes, the yield and the sponsor’s share of it are terms in its own filings.
Full definitions: crypto ETFs vocabulary page. →
Embed this chart

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BTCO: BTCO over 1 year: fund −20.69%, Bitcoin −20.50%, 0.18 pts behind Bitcoin. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/crypto/btco/" title="BTCO: BTCO over 1 year: fund −20.69%, Bitcoin −20.50%, 0.18 pts behind Bitcoin. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">BTCO: BTCO over 1 year: fund −20.69%, Bitcoin −20.50%, 0.18 pts behind Bitcoin. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/btco">ETFIQ</a></figcaption>
</figure>

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Snapshot, Nov 4, 2026. More on the tabs above.