Vault-13

INVESCO GALAXY BITCOIN ETF BTCO

COM SHS BEN INT · ETP · CUSIP 46091J101

56 institutional holders -9 vs Q4 2025
3,003,2423.0m shares reported held*
$202.9mreported value*
5 new 20 added 15 reduced 12 sold out net bought ≈ $41.8m (+617.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $67.55. Options: 1 managers hold calls ($317.1k notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 24: 21Q2 24: 40Q3 24: 37Q4 24: 56Q1 25: 52Q2 25: 58Q3 25: 65Q4 25: 65Q1 26: 5656Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q1 202421
Q2 202440
Q3 202437
Q4 202456
Q1 202552
Q2 202558
Q3 202565
Q4 202565
Q1 202656

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 24: 26 bought or addedQ2 24: 6 cut or sold outQ3 24: 14 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 32 bought or addedQ4 24: 14 cut or sold outQ1 25: 26 bought or addedQ1 25: 21 cut or sold outQ1 25Q2 25: 32 bought or addedQ2 25: 22 cut or sold outQ3 25: 36 bought or addedQ3 25: 15 cut or sold outQ3 25Q4 25: 33 bought or addedQ4 25: 23 cut or sold outQ1 26: 25 bought or addedQ1 26: 27 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024266
Q3 20241418
Q4 20243214
Q1 20252621
Q2 20253222
Q3 20253615
Q4 20253323
Q1 20262527

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $357.4kQ4 25 puts: $8.7kQ4 25P/C 0.02Q1 26 calls: $317.1kQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$357.4k$8.7k0.02
Q1 2026$317.1k$00.00

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +584,796+584.8k
JANE STREET GROUP, LLC New +52,187+52.2k
Gradient Investments LLC Added +51,479+51.5k
Virtu Financial LLC Added +40,512+40.5k
Farringdon Capital, Ltd. Added +16,761+16.8k
Arete Wealth Advisors, LLC Added +15,404+15.4k
MEITAV INVESTMENT HOUSE LTD Added +14,721+14.7k
LPL Financial LLC Added +11,547+11.5k
Tolleson Wealth Management, Inc. Added +8,500+8.5k
Key Client Fiduciary Advisors, LLC Added +3,642+3.6k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -51,093-51.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -21,904-21.9k
RPO LLC Sold out -20,300-20.3k
Private Advisor Group, LLC Reduced -18,241-18.2k
FLOW TRADERS U.S. LLC Sold out -13,030-13.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -11,900-11.9k
OLD MISSION CAPITAL LLC Sold out -11,808-11.8k
Cetera Investment Advisers Reduced -8,374-8.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -7,897-7.9k
Valeo Financial Advisors, LLC Sold out -7,086-7.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $317.1k4.7k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Galaxy Digital Inc. 7.69% of their portfolio NEW YORK, NY 725,000725.0k $48.9m $48.9m 7.69% First filing
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 680,842680.8k $45.9m $45.9m 0.06% Added +584.8k +584,796
3 Gradient Investments LLC 0.49% of their portfolio ARDEN HILLS, MN 466,647466.6k $31.5m $31.5m 0.49% Added +51.5k +51,479
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 257,615257.6k $17.4m $17.4m 0.00% Reduced -51.1k -51,093
5 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 172,095172.1k $11.6m $11.6m 0.05% Unchanged
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 93,85893.9k $6.3m $6.3m 0.00% Added +11.5k +11,547
7 Farringdon Capital, Ltd. 1.09% of their portfolio LONDON, X0 74,02074.0k $5.0m $5.0m 1.09% Added +16.8k +16,761
8 Virtu Financial LLC 0.19% of their portfolio New York, NY 68,78968.8k $4.6m $4.6m 0.19% Added +40.5k +40,512
9 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 61,39261.4k $4.1m $4.1m 0.00% Reduced -1.0k -1,047
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 52,18752.2k $3.5m $3.5m 0.00% New
11 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 47,36847.4k $3.2m $3.2m 0.04% Added +14.7k +14,721
12 Arete Wealth Advisors, LLC 0.23% of their portfolio CHICAGO, IL 46,05146.1k $3.1m $3.1m 0.23% Added +15.4k +15,404
13 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 45,67645.7k $3.1m $3.1m 0.00% Reduced -8.4k -8,374
14 Key Client Fiduciary Advisors, LLC 0.58% of their portfolio Fairfield, NJ 25,06125.1k $1.7m $1.7m 0.58% Added +3.6k +3,642
15 Brown Financial Advisors 0.60% of their portfolio MILFORD, OH 23,53223.5k $1.6m $1.6m 0.60% Added +1.4k +1,400
16 Tolleson Wealth Management, Inc. 0.21% of their portfolio DALLAS, TX 21,53021.5k $1.5m $1.5m 0.21% Added +8.5k +8,500
17 Paladin Wealth, LLC 0.77% of their portfolio ARDEN HILLS, MN 16,53716.5k $1.1m $1.1m 0.77% Added +2.4k +2,394
18 Fortis Group Advisors, LLC 0.14% of their portfolio WESTWOOD, NJ 10,95411.0k $833.1k $833.1k 0.14% Reduced -4.5k -4,516
19 Mattson Financial Services, LLC 0.18% of their portfolio KENTWOOD, MI 10,88410.9k $734.3k $734.3k 0.18% Added +447 +447
20 RM Financial Services, LLC 0.57% of their portfolio FALMOUTH, ME 9,8449.8k $664.2k $664.2k 0.57% Added +2.1k +2,062
21 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 9,7549.8k $658.1k $658.1k 0.01% Reduced -2.1k -2,089
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 7,4837.5k $504.9k $504.9k 0.00% Reduced -21.9k -21,904
23 Venture Visionary Partners LLC 0.02% of their portfolio Sylvania, OH 7,1007.1k $479.0k $479.0k 0.02% Unchanged
24 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 6,7686.8k $590.0k $590.0k 0.01% Unchanged
25 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 6,6346.6k $447.6k $447.6k 0.00% Reduced -18.2k -18,241
26 Watchman Group, Inc. 0.10% of their portfolio PLANO, TX 6,2106.2k $419.0k $419.0k 0.10% Unchanged
27 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 6,0006.0k $404.8k $404.8k 0.01% Unchanged
28 Milestone Asset Management Group, LLC 0.23% of their portfolio AVON, CT 5,9255.9k $399.8k $399.8k 0.23% Reduced -331 -331
29 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 5,5725.6k $376.0k $376.0k 0.00% Added +1.7k +1,715
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 5,3385.3k $360.0k $360.0k 0.00% Reduced -1.3k -1,263
31 Financial Security Advisor, Inc. 0.05% of their portfolio VIRGINIA BEACH, VA 4,1624.2k $280.8k $280.8k 0.05% Reduced -45 -45
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,8923.9k $262.6k $262.6k 0.00% Added +1.8k +1,764
33 A4 Wealth Advisors LLC 0.18% of their portfolio HUNTERSVILLE, NC 3,1673.2k $213.7k $213.7k 0.18% Reduced -1.3k -1,252
34 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 3,1243.1k $210.0k $210.0k 0.00% New
35 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,5742.6k $173.7k $173.7k 0.00% Unchanged
36 TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH PZU SA 0.04% of their portfolio WARSAW, R9 1,8901.9k $127.5k $127.5k 0.04% Added +750 +750
37 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,0771.1k $72.7k $72.7k 0.00% Reduced -170 -170
38 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 1,0001.0k $67.5k $67.5k 0.00% Added +500 +500
39 Synergy Investment Management, LLC 0.02% of their portfolio ALTAMONTE SPRINGS, FL 962962 $64.9k $64.9k 0.02% New
40 CWM, LLC 0.00% of their portfolio OMAHA, NE 813813 $54.9k $54.9k 0.00% Unchanged
41 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 760760 $51.3k $51.3k 0.00% Reduced -304 -304
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 733733 $49.5k $49.5k 0.00% Added +235 +235
43 KELLEHER FINANCIAL ADVISORS 0.01% of their portfolio NEW YORK, NY 520520 $55.9k $55.9k 0.01% Unchanged
44 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 402402 $27.1k $27.1k 0.00% New
45 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.01% of their portfolio INDIANAPOLIS, IN 364364 $24.6k $24.6k 0.01% Added +6 +6
46 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 320320 $22.0k $22.0k 0.00% Unchanged
47 1620 INVESTMENT ADVISORS, INC. 0.01% of their portfolio PLYMOUTH, MA 200200 $13.5k $13.5k 0.01% Reduced -85 -85
48 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 117117 $8.0k $8.0k 0.00% Added +3 +3
49 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $6.7k $6.7k 0.00% Unchanged
50 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 100100 $6.7k $6.7k 0.00% Unchanged
51 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 9494 $6.3k $6.3k 0.00% Unchanged
52 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 9090 $6.1k $6.1k 0.00% Reduced -950 -950
53 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5050 $3.4k $3.4k 0.00% Unchanged
54 Westside Investment Management, Inc. 0.00% of their portfolio SANTA MONICA, CA 4040 $2.7k $2.7k 0.00% Unchanged
55 Abound Wealth Management 0.00% of their portfolio FRANKLIN, TN 2424 $1.6k $1.6k 0.00% New
56 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 11 $67 $67 0.00% Unchanged