Invesco Galaxy Bitcoin ETF

For the period ended Mar 31, 2024. Filed May 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 14, 2024

BTCO$74.34-1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. FINANCIAL STATEMENTS

Statements of Financial Condition

March 31, 2024 and December 31, 2023

	March 31,	December 31,
	2024	2023
Assets
Investments in Bitcoin, at value (cost $269,525,075 as of March 31, 2024)	$418,315,928	$—
Cash held by custodian	—	100,000
Receivable for:
Trust shares sold	3,902,098	—
Total Assets	$422,218,026	$100,000
Liabilities
Payable for:
Investments purchased	$3,902,098	$—
Total Liabilities	$3,902,098	$—
Commitments and Contingencies (Note 9)
Net Assets	$418,315,928	$100,000
Net assets consist of:
Paid-in-capital	$232,498,961	$100,000
Distributable earnings (loss)	185,816,967	—
	$418,315,928	$100,000
Shares outstanding	5,905,000	4,000
Net asset value per share	$70.84	$25.00
Market value per share	$70.98	$25.00

Schedule of Investments

March 31, 2024

Description · Quantity · Cost · Fair Value · % of Net Assets
Cyptocurrency
Bitcoin	5,905	$269,525,075		$418,315,928		100.00%
Total Investments	5,905	$269,525,075		$418,315,928		100.00%
Other Assets Less Liabilities			$—		0.00%
Net assets			$418,315,928		100.00%

Statement of Income and Expenses

	Three Months Ended
Income
Total Income	$—
Expenses
Sponsor Fees	181,501
Total Expenses	181,501
Less: Waivers	(181,501)
Net Expenses	—
Net Investment Income (Loss)	—
Net Realized and Net Change in Unrealized Gain (Loss)
Net Realized Gain (Loss) on Investments in Bitcoin	37,026,114
Net Change in Unrealized Gain (Loss) on Investments in Bitcoin	148,790,853
Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Bitcoin	185,816,967
Net Income (Loss)	$185,816,967

Statement of Changes in Shareholders’ Equity

Shares · Total Shareholders'Equity
Balance at December 31, 2023	4,000		$100,000
Purchases of Shares	10,075,000		459,463,680
Redemption of Shares	(4,174,000)		(227,064,719)
Net Increase (Decrease) due to Share Transactions	5,901,000		232,398,961
Net Income (Loss)
Net Investment Income (Loss)		—
Net Realized Gain (Loss) on Investments in Bitcoin		37,026,114
Net Change in Unrealized Gain (Loss) on Investments in Bitcoin		148,790,853
Net Income (Loss)		185,816,967
Net Change in Shareholder's Equity	5,901,000		418,215,928
Balance at March 31, 2024	5,905,000		$418,315,928

Statement of Cash Flows

	Three Months Ended
Cash flows from operating activities:
Net Income (Loss)	$185,816,967
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Cost of bitcoin purchased	(401,275,835)
Proceeds from bitcoin sold	172,678,972
Net Realized Gain (Loss) on Investments in Bitcoin	(37,026,114)
Net Change in Unrealized Gain (Loss) on Investments in Bitcoin	(148,790,853)
Net cash provided by (used in) operating activities	(228,596,863)
Cash flows from financing activities:
Proceeds from purchases of Shares	455,561,582
Redemption of Shares	(227,064,719)
Net cash provided by (used in) financing activities	228,496,863
Net change in cash	(100,000)
Cash at beginning of period	100,000
Cash at end of period	$—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.