Invesco Galaxy Bitcoin ETF Common Shares of Beneficial Interest (BATS: BTCO)

에 대한 최신 뉴스 Invesco Galaxy Bitcoin ETF Common Shares of Beneficial Interest (BATS:BTCO)

The Trusts investment objective is to reflect the performance of the spot price of bitcoin as measured using the Lukka Prime Bitcoin Reference Rate (the Benchmark), less the Trusts and other liabilities.

Invesco Galaxy Bitcoin ETF

1. Bitcoin

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Invesco Galaxy Bitcoin ETF Invesco Galaxy Bitcoin ETF

BTCO

WisdomTree Bitcoin Fund WisdomTree Bitcoin Fund

BTCW

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

미국 현물 비트코인 ETF 투자자들은 3월에 7억 6,790만 달러를 인출했으며, 이는 사상 두 번째로 많은 금액이다. 그나마 위안이 된다면 3월의 유출 규모는 암호화폐 세계를 뒤흔들었던 2월의 35억 6,600만 달러보다 나은 수치라는 점이다.

3월 비트코인 ETF 7억 6,800만 달러 유출 발생...BTC 가격 하락에 경계 심리로 전환

Invesco Galaxy Bitcoin ETF Common Shares of Beneficial Interest

The Future Fund Managing Partner, Gary Black, cautioned investors on Tuesday against Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) robotaxi valuations that project share prices of $2,000 or higher, arguing that such forecasts ignore market realities and competition.
What Happened: Black criticized supply-based approaches that assume Tesla will capture nearly all ride-hailing business from Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), noting that even if Tesla captured the entire profits of Uber and Lyft combined, the impact on its earnings would be minimal—adding $1.50 per share to Tesla's Earnings Per Share.
&#8220;Tesla doesn&#8217;t have a first-mover advantage, has no ride-hailing marketing, and hasn&#8217;t been approved for a single autonomous deployment license in any state yet,&#8221; Black wrote on X, adding that both Uber and Lyft will likely offer fully autonomous rides concurrently with Tesla.
Black&#8217;s skepticism extends to Tesla&#8217;s <a href="https://www.benzinga.com/markets/25/04/44979720/teslas-robotaxi-launch-in-june-will-likely-be-a-non-event-says-gary-black-this-isnt-really-a-test-market-its-an-experiment">upcoming Austin robotaxi launch</a>, which he recently described as an &#8220;experiment&#8221; rather than a true market test, with only 10-20 vehicles initially deployed.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I keep seeing <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> price targets that incorporate Robotaxi valuations of $2,000/share, $3,000/share or more. Most erroneously assume TSLA somehow takes 99% of the ride-hailing business away from UBER and LYFT once TSLA is approved for unsupervised autonomy and is awarded…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1917345526837830080?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/04/45090925/trumps-call-to-jeff-bezos-over-amazons-tariff-display-plans-draws-criticism-from-peter-schiff-this-is-the-type-of-stuff-you-might-expect-to-see-in-china">Trump&#8217;s Call To Jeff Bezos Over Amazon&#8217;s Tariff Display Earns Peter Schiff&#8217;s Ire: &#8216;Type Of Stuff You Might Expect To See In China&#8217;</a>
Why It Matters: Black&#8217;s concerns contrast sharply with ARK Invest CEO Cathie Wood&#8216;s bullish $2,600 price target, which values <a href="https://www.benzinga.com/news/25/03/44345980/cathie-wood-stands-by-teslas-2600-price-target-despite-40-stock-drop-its-winner-take-most">Tesla at over $9 trillion by 2029</a>. Wood views robotaxis as an &#8220;$8 trillion to $10 trillion opportunity&#8221; that could transform Tesla from a manufacturer to a software company with margins approaching 90%.
Despite recent positive movement after Tesla&#8217;s quarterly earnings call, where CEO Elon Musk announced he would &#8220;significantly&#8221; reduce his time at the Department of Government Efficiency, Black maintains that regulatory realities will prevent Tesla from dominating the <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">autonomous ride-hailing market.</a>
&#8220;Despite Tesla&#8217;s fleet, data, and compute advantages,&#8221; Black wrote, &#8220;regulators will ensure that others are approved soon after. And Tesla&#8217;s lack of marketing skills remains its Achilles heel.&#8221;
Benzinga Edge&#8217;s Stock Rankings indicate that while Tesla faces a short- to long-term negative price trend, it still outperforms Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) in terms of momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up for more insights</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/04/45089307/trump-says-hes-already-ended-inflation-at-michigan-rally-held-to-mark-100-days-in-office-promises-to-protect-medicare-and-social-security-democrats-plan-senate-ba" target="_blank" rel="noreferrer noopener">Trump Says He's ‘Already Ended Inflation' At Michigan Rally Held To Mark 100 Days In Office, Promises To Protect Medicare And Social Security — Democrats Plan Senate Barrage</a></li>
</ul>
Photo Courtesy: Ian Dewar Photography On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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LCID

LYFT

RIVN

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UBER

Tesla's 'Marketing Skills Remain Its Achilles Heel,' Says Gary Black As Robotaxi Valuations Ignore Market Limits—Full Uber, Lyft Profits Still Fall Short Of $2,000 Target

Economist Justin Wolfers pushed back against President Donald Trump&#8217;s inconsistent recent remarks on trade deals, taxes, and tariff revenue, calling his position "fundamentally incoherent."
What Happened: On Tuesday, the Australian economist dismissed Trump's claim that tariff revenue could be used to reduce or eliminate income taxes. Speaking on Yahoo Finance's The Morning Brief, Wolfers was blunt: &#8220;The president is lying, it's that simple,&#8221; he said, adding that there is &#8220;no bill, process, or proposal to Congress&#8221; backing such a plan.
What&#8217;s more concerning than the claim itself is the "fundamental incoherence" of Trump's position, arguing that tariff revenue could replace income taxes, while simultaneously pushing for trade deals that would reduce those very tariffs, Wolfers says.
See More: <a href="https://www.benzinga.com/media/25/04/45089307/trump-says-hes-already-ended-inflation-at-michigan-rally-held-to-mark-100-days-in-office-promises-to-protect-medicare-and-social-security-democrats-plan-senate-ba">Trump Says He&#8217;s &#8216;Already Ended Inflation&#8217; At Michigan Rally Held To Mark 100 Days In Office, Promises To Protect Medicare And Social Security — Democrats Plan Senate Barrage</a>
&#8220;The president's got a choice,&#8221; Wolfers says. He can either strike trade deals that open global markets to American businesses and give U.S. consumers access to international goods, or &#8220;stick with very high tariffs and get some revenue out of it — you cannot have both.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The President has a choice: Deals, or tariff revenue. You can have one, but you can&#39;t have both. <a href="https://t.co/eZuMBurvmt">pic.twitter.com/eZuMBurvmt</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1917195865602593178?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote>
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&#8220;That's the whole problem with this tariff policy, what the president wants has changed day to day,&#8221; Wolfers says. He noted that the rationale behind it all has shifted repeatedly, from national security and reshoring manufacturing to raising revenue and cutting the trade deficit.
This uncertainty, Wolfers says, is making it difficult for businesses to plan ahead, much like America's foreign trade partners, who need clarity on whether and how to engage in negotiations with the U.S.
Why It Matters: Wolfers has been a <a href="https://benzinga.com/markets/equities/25/04/44620423/trumps-sweeping-tariffs-could-cost-us-20-trillion-crash-markets-warn-economists-monstrously-destructive">vocal critic of Trump&#8217;s tariffs</a> and chaotic economic policies since the very beginning, posting just a day after &#8220;Liberation Day&#8221; that the tariffs would be &#8220;monstrously destructive,&#8221; and would ultimately hurt &#8220;working Americans more than anyone else.&#8221;
Several other leading experts have been <a href="https://benzinga.com/markets/25/04/44944580/trump-says-tariffs-could-replace-income-tax-experts-warn-the-math-doesnt-work">skeptical of Trump&#8217;s proposal</a> to replace income tax with tariffs over the past week. Mark Zandi, the chief economist at Moody&#8217;s stated that the IRS has already collected $1.14 trillion in income taxes this year, and that &#8220;If you get to $100 billion to $200 billion [in tariff revenue], you&#8217;ll be pretty lucky.&#8221;
The administration's &#8220;shock and awe&#8221; tariff strategy has <a href="https://www.benzinga.com/25/04/44680956/billionaire-banker-backs-trumps-shock-and-awe-tariff-policies-slams-bill-ackmans-call-for-90-day-pause">drawn some support</a>, including from Andrew Beal, founder of Beal Financial Corporation, who argued that the tariffs are necessary to promote fair trade and redefine America's role in the global economy.
Photo Courtesy: Evan El-Amin On Shutterstock.com
Read More: <a href="https://www.benzinga.com/markets/equities/25/04/45090925/trumps-call-to-jeff-bezos-over-amazons-tariff-display-plans-draws-criticism-from-peter-schiff-this-is-the-type-of-stuff-you-might-expect-to-see-in-china">Trump&#8217;s Call To Jeff Bezos Over Amazon&#8217;s Tariff Display Earns Peter Schiff&#8217;s Ire: &#8216;Type Of Stuff You Might Expect To See In China&#8217;</a>

Government

Trump Can Either Have His Cake Or Eat It, Economist Justin Wolfers Calls Out President's 'Fundamental Incoherence' On Trade Deals And Tariffs

• Net revenues of €35.8 billion, down 14% compared to Q1 2024 primarily due to lower shipment volumes, as well as unfavorable mix and pricing&nbsp;
• Consolidated shipments(1) of 1,217 thousand units, down 9%, reflect lower North American production, a consequence of extended holiday downtime in January, product transition impacts and lower industry LCV volumes in Enlarged Europe • The Company is suspending its 2025 financial guidance due to tariff-related uncertainties&nbsp;
• The Company is highly engaged with policymakers on tariff policies, while taking action to reduce impacts

Earnings

STLA

Stellantis Q1 Revenue Falls 14% to €35.8B; Shipments Down 9% to 1.22M Units on North America Downtime And EU LCV Weakness; Suspends 2025 Guidance Due To Tariff-Related Uncertainties

Macro Economic Events

Econ #s

Economics

Germany Retail Sales (MoM) For March -0.2% Vs. -0.4% Est.; 0.2% (Revised) Prior

U.K. Nationwide HPI (MoM) For April -0.6% Vs. -0.1% Est.; 0.0% Prior

U.K. Nationwide HPI (YoY) For April 3.4% Vs. 4.1% Est.; 3.9% Prior

HEC Montréal's ERPsim Lab Secures $2M For AI-Powered Data Visualization Project With SAP Canada And Partner Universities

<ul>
<li>Early market traction underscores strong market demand and momentum, confirms long-term strategy ahead of the first official FX product launch this June, securing recognition from an East Coast business validates FF's unique "Three Pillars" model of user acquisition, co-creation, and user operations.</li>
</ul>

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Faraday Future's "Three Pillars" Strategy Pays Off With First FX Super One Deal, Reinforcing Global EV Ambitions

ADXN

Addex Expands Dipraglurant Strategy With Exclusive IP Access From Sinntaxis Targeting Brain Injury Functional Recovery

France Gross Domestic Product (QoQ) Preliminary For Q1 0.1% Vs. 0.1% Est.; -0.1% Prior

France Gross Domestic Product (YoY) Preliminary For Q1 0.8% Vs. 0.7% Est.; 0.8% (Revised) Prior

France Consumer Spending (MoM) For March -1.0% Vs. 0.0% Est.; -0.2% (Revised) Prior

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For April 50.4 Vs. 49.7 Est.; 51.2 Prior

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For April 50.4 Vs. 50.6 Est.; 50.8 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For April 49.0 Vs. 49.7 Est.; 50.5 Prior

Reported Earlier, China Composite Purchasing Managers' Index For April 50.2 Vs. 51.4 Prior

Reported Earlier, Australia Trimmed Mean Consumer Price Index (QoQ) For Q1 0.7% Vs. 0.6% Est.; 0.5% Prior

Reported Earlier, Australia Consumer Price Index (QoQ) For Q1 0.9% Vs. 0.8% Est.; 0.2% Prior

Reported Earlier, Australia Consumer Price Index (YoY) For Q1 2.4% Vs. 2.3% Est.; 2.4% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Industrial Production (MoM) Preliminary For March -1.1% Vs. -0.5% Est.; 2.3% Prior

Invesco Galaxy Bitcoin ETF Beneficial Interest

3월은 비트코인(<a href="https://www.benzinga.com/quote/BTC-USD">BTC/USD</a>) 및 관련 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">현물 ETF</a>의 움직임이 활발했던 달이었으며, 암호화폐는 큰 하락에 직면했다.
비트코인 가격은 1월 20일 사상 최고가인 109,114달러를 기록한 직후부터 하락하기 시작했다. 3월 말까지 비트코인 가격은 최고점 대비 23% 하락했다. 더 구체적으로, 비트코인 가격은 3월에 2.3% 하락했다.
이러한 약세 분위기는 ETF 시장에도 반영되었다. 미국 현물 비트코인 ETF 투자자들은 3월에 7억 6,790만 달러를 인출했으며, 이는 사상 두 번째로 많은 금액이다. 그나마 위안을 찾자면, 3월의 유출 규모는 암호화폐 세계를 뒤흔들었던 2월의 35억 6,600만 달러보다 나은 수치라는 점이다.
투자자들의 심리는 시장 분위기에 상당히 민감하게 반응했다. 산티먼트의 통계에 따르면 비트코인의 가격 움직임은 일반적인 투자심리와는 정반대의 경향을 보였다. 일례로 3월 23일과 3월 25일에는 강세 심리가 가격 조정을 가져왔고, 3월 29일에는 약세 심리가 단기간 상승세를 보였다. 산티먼트는 비트코인 가격이 10만 달러 돌파를 시도하기 전에 한 번 더 조정될 여지가 있다고 본다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&#x1f972; Bitcoin prices looked encouraging for retail traders on Monday before they got a bit overly excited and began FOMO&#39;ing in &amp; calling for $100K+ <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> price levels once again. As has been the norm throughout 2025, when the crowd begins leaning too far in one direction, prices… <a href="https://t.co/pNO6ovgWYs">pic.twitter.com/pNO6ovgWYs</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1906883246711013820?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
기술적 지표는 또한 카드에 더 많은 문제가 있음을 시사한다. <a href="https://www.businessinsider.com/bitcoin-price-outlook-sell-death-cross-btc-crypto-technical-analysis-2025-4?utm" target="_blank" rel="noopener">비즈니스 인사이더에 따르면</a> 비트코인은 50일 이동 평균이 200일 이동 평균 아래로 떨어지면 일반적으로 미래의 잠재적 손실을 알리는 무서운 &#8216;데스 크로스&#8217; 매도 신호를 보낼 준비가 되어 있다.
비트코인과 ETF가 하락세를 보이는 동안 다른 자산은 강세를 유지했다. 예를 들어 금은 3월 중순에 <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/03/44552405/whats-actually-driving-the-latest-gold-surge-several-factors-are-at-play" target="_blank" rel="noopener">온스당 3,000달러를 넘어섰고</a> 3월 30일 기준 작년 한 해 동안 약 38% 상승했다.
더 넓은 경제 상황도 시장 역동성에 영향을 미쳤다. 새로운 상호 관세가 발표될 가능성이 있는 4월 2일 도널드 트럼프 대통령의 &#8216;해방의 날&#8217; 연설에 대한 기대감이 시장의 불확실성을 키우고 있다. 이러한 무역 정책은 경기 침체 우려를 악화시키고 비트코인을 포함한 위험 자산에 추가적인 압력을 가할 수 있다.
<h3>ETF 자금 유출 및 유입</h3>
광범위한 자금 유출 추세 속에서도 암호화폐 ETF 업계에는 긍정적인 움직임이 있었다. 소소밸류(SoSoValue) <a href="https://sosovalue.com/assets/etf/us-btc-spot">데이터</a> 기준 3월 27일, 미국 현물 비트코인 ETF의 일일 총 순유입액은 8,900만 달러에 달했다. 피델리티 와이즈 오리진 비트코인 펀드(BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>)가 9,714만 달러로 1위를 차지했고, 블랙록의 아이셰어스 비트코인 트러스트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)는 400만 달러에 가까운 자금이 유입되었다.
반면 인베스코 갤럭시 비트코인 ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCO#BATS">BTCO</a>)와 위즈덤트리 비트코인 펀드(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCW#BATS">BTCW</a>)는 각각 약 700만 달러와 500만 달러의 자금 유출을 경험했다. 이러한 혼조세는 암호화폐 시장의 미묘하고 변화무쌍한 투자 심리를 잘 나타낸다.
3월은 <a href="https://www.benzinga.com/crypto" target="_blank" rel="noopener">암호화폐 시장</a>의 예측 불가능성과 복잡성을 강조했다. 대규모 비트코인 ETF 유출과 가격 하락은 약세 분위기가 지배적이지만, 고립된 유입 사례와 금과 같은 다른 자산의 움직임은 다양하고 신중한 투자 환경을 드러내고 있다.
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Invesco Galaxy Bitcoin ETF Common Shares of Beneficial Interest

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