Since Trump's election victory, nearly $10 billion net has flowed into US-listed spot funds, with about 83% of that money going to BlackRock's IBIT, but some ETFs are still outperforming others. Invesco-Galaxy's BTCO investment has proven to be far ahead of other bitcoin ETFs, with BTCO having netted around 8,740 BTC at $418.90 million to date, with a position value of $860.60 million, implying a shareholder gain of more than 100% on the ETF; in contrast, while BlackRock IBIT acquired around 523,935 BTC, its purchase price was higher on average ($65,600), meaning that IBIT timed the market worse than any other fund in its class.