Invesco’s Invesco Galaxy Bitcoin ETF, the BTCO, saw meaningful outflows this week as investors pulled $9.97 million on May 8, 2026. The move trimmed the fund’s assets under management to $526.5 million, with the latest redemption representing roughly 1.9% of AUM and signaling a bout of profit-taking after Bitcoin’s recent climb.
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The related asset, BTC-USD, is currently trading at $80,799.53 after gaining about 15.7% over the past three months. Despite the outflows, short-term momentum remains constructive, with a 1-day technical signal of Buy, suggesting traders still see scope for further upside even as ETF investors lock in gains.
The divergence between ETF flows and spot price performance highlights a maturing investor base that is increasingly tactical in allocating to Bitcoin exposure. Some managers note that redemptions of this size can reflect rotation into other risk assets or rival products rather than outright bearishness on crypto. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.