Key Takeaways
- • Invesco Galaxy Bitcoin ETF (BTCO) reported third-quarter 2026 net income of $126.74M, up 257.3% from $35.47M in the prior-year quarter, according to its 10-Q filed November 5, 2026.
- • The Trust's NAV total return was 42.23% for the quarter, slightly below the Benchmark's 42.31% increase, while market-value total return was 42.35%.
- • Spot bitcoin ETPs took in nearly $5.9 billion in inflows during the quarter, which the filing cites as a sign of recovering institutional demand.
- • Shares closed the quarter at $83.15, up from $58.41, as bitcoin's sharp price rebound drove a large unrealized gain.
Summary
Invesco Galaxy Bitcoin ETF's third-quarter net income increased year over year, rising to $126.74M from $35.47M in the prior-year quarter, a gain of 257.3%, according to the Trust's Form 10-Q filed November 5, 2026. The filing attributes the result primarily to bitcoin's sharp price rebound, which produced a large unrealized gain on the Trust's holdings. Net realized gains also contributed to the figure.
The Trust's net asset value total return for the quarter was 42.23%, compared with a 42.31% increase in the Benchmark. Market-value total return for the Trust's shares was 42.35%. Shares ended the quarter at $83.15, up from $58.41 at the start of the period.
The filing points to several factors supporting demand during the quarter. Spot bitcoin exchange-traded products collectively took in nearly $5.9 billion, which the Trust describes as signaling recovering institutional demand. Improved market liquidity, a softer U.S. dollar and expanded Treasury bond buybacks were also cited as supportive of demand.
The summary is based solely on the Trust's SEC filing and is an AI-generated summary that may contain inaccuracies; readers should consult the original 10-Q for verification.
The Trust's net asset value total return for the quarter was 42.23%, compared with a 42.31% increase in the Benchmark. Market-value total return for the Trust's shares was 42.35%. Shares ended the quarter at $83.15, up from $58.41 at the start of the period.
The filing points to several factors supporting demand during the quarter. Spot bitcoin exchange-traded products collectively took in nearly $5.9 billion, which the Trust describes as signaling recovering institutional demand. Improved market liquidity, a softer U.S. dollar and expanded Treasury bond buybacks were also cited as supportive of demand.
The summary is based solely on the Trust's SEC filing and is an AI-generated summary that may contain inaccuracies; readers should consult the original 10-Q for verification.
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