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Get filing alertsInvesco Galaxy Bitcoin ETF sponsor board member Jordan Krugman to resign August 3
Filed June 8, 2026 · Period ending June 4, 2026 · ~1 min read
Key Changes
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Jordan Krugman resigned from all positions at sponsor Invesco Capital Management LLC, including his Board of Managers seat, effective August 3, 2026. No reason for departure was disclosed.
Item 5.02 verify on EDGAR → -
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Invesco Capital Management is searching for a replacement board member but has not announced a timeline or candidates.
Item 5.02 verify on EDGAR →
Summary
Invesco Galaxy Bitcoin ETF disclosed that Jordan Krugman, a member of the Board of Managers at its sponsor Invesco Capital Management LLC, will resign from all positions effective August 3, 2026. The filing provides no explanation for the departure, which was communicated to the ETF on June 4. The sponsor has an undisclosed amount two months to identify and appoint a replacement.
For retail holders, this is a routine governance change at the sponsor level rather than a direct operational shift for the ETF itself. Bitcoin ETFs like BTCO are passively managed vehicles that track the price of bitcoin, so board changes at the sponsor typically have limited immediate impact on fund performance or strategy.
However, investors should monitor whether the replacement is announced before the effective date and whether any broader management changes follow. If the sponsor struggles to fill the seat or additional departures occur, that could signal deeper organizational issues worth watching.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 4, 2026, Mr. Jordan Krugman gave notice to the Invesco Galaxy Bitcoin ETF that he is resigning from all positions at Invesco Capital Management LLC (the “Sponsor”) and its affiliates, including his position as a member of the Board of Managers of the Sponsor, effective as of the close of business on August 3, 2026.
Jordan Krugman resigned from all positions at the ETF's sponsor, Invesco Capital Management LLC, including his role on the Board of Managers. The resignation takes effect August 3, 2026, giving the sponsor an undisclosed amount two months to find a replacement. The filing does not disclose reasons for the departure.
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Added in current filing · verify on EDGAR →
The Sponsor is currently considering Mr. Krugman’s replacement.
The sponsor has begun the process of identifying a replacement for Mr. Krugman's Board of Managers position. No timeline or candidate details are provided beyond this statement.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify