ANALYSIS: Invesco BTCO Outperforms BlackRock IBIT Among Bitcoin ETFs

Nearly $10 billion net has flowed into U.S.-listed spot funds since Trump's victory, and while about 83% of that has gone to BlackRock's IBIT, it doesn't appear to be the best performer among bitcoin ETFs.

According to the data, Invesco-Galaxy's BTCO investment has far outperformed other bitcoin ETFs, with BTCO having acquired a net of around 8,740 BTC for $418.9 million to date, bringing the value of the position to $860.6 million, which represents a shareholder gain of more than 100 per cent for the ETF, while BlackRock's IBIT has, by comparison, acquired In contrast, while BlackRock IBIT acquired approximately 523,935 bitcoins, its average purchase price was relatively high ($65,600), meaning that IBIT's timing of the market was worse than that of any other ETF in its category.