Invesco Galaxy Bitcoin ETF

Invesco, one of the larger US fund houses, teamed up with Mike Novogratz's Galaxy Digital to launch this spot bitcoin ETF in January 2024. BTCO holds bitcoin directly, custodied at Coinbase, and its price tracks the coin less a management fee, packaging the asset in a form that fits inside conventional brokerage and retirement accounts. Galaxy, a crypto-focused financial firm, supplies the digital-asset expertise while Invesco brings the distribution and fund-management machinery. Like its rivals, the fund opened with a temporary fee waiver to compete for assets during the fierce launch-week price war among issuers. It appeals to investors who want regulated bitcoin exposure from a mainstream asset manager rather than a crypto-native startup, sidestepping the operational risk of holding coins themselves.

On MyRWA, BTCO trades tokenized across 1 on-chain venue - see the listings below.