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 that currently holds $314 million in assets under management. Trading at a price of $63.48, the fund carries an expense ratio of 0.25% and offers a dividend yield of 0.00%. Within the broader universe of 458 tracked ETFs, BTCO holds an overall rank of #449 and has received an ETFValuer grade of F with a score of 30.1 out of 100. In its specific category of 11 tracked crypto ETFs, the fund's positioning reflects its current standing among peers. The absence of dividend income combined with the specific asset size suggests a particular profile for investor adoption within this sector. The fund's low grade and deep ranking position it significantly below the median of the total ETF universe. These metrics collectively describe a fund with high costs relative to its performance and a specific niche within the crypto asset class.

The fund's return history shows a pattern of significant decline across most measured time horizons. Over the last day, the ETF fell 1.67%, while the one-week return dropped further to -3.98%. A short-term rebound occurred over the past month with a gain of 6.94%, contrasting with the broader negative trend. Longer-term performance remains deeply negative, with a three-month return of -17.03% and a six-month decline of -27.19%. Year-to-date performance stands at -29.01%, and the one-year return is -45.56%. Data for the three-year period is not available. This trajectory indicates a persistent downward pressure on value despite brief periods of short-term recovery.

The ETF is assigned a Very High volatility label, indicating substantial price fluctuations relative to the market. The Sharpe ratio of -1.14 suggests that the fund has generated negative risk-adjusted returns over the measured period. A maximum drawdown of -53.33% highlights the severe potential for capital loss during market downturns. Although the beta is not provided, the combination of extreme drawdown and negative Sharpe ratio points to significant downside risk. These metrics imply that the fund experiences sharp declines that are not sufficiently compensated by the returns generated during up markets. The risk profile is consistent with the high-volatility nature of the underlying crypto asset class.

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

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BTCO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.09% and average daily volume is 102K/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 $314M 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