BlackRock launches income-paying Bitcoin ETF — accumulate Bitcoin ahead of new i
Thesis
BlackRock's new income-paying Bitcoin ETF is a game-changer because it opens the door for institutions and conservative investors to buy Bitcoin and earn yield at the same time. When BlackRock launched their first spot Bitcoin ETF (IBIT) last year, it triggered billions of dollars of new money flowing into Bitcoin, pushing the price up significantly. A new yield-generating product could attract a fresh wave of buyers who previously sat on the sidelines, providing strong upward pressure on Bitcoin's price in the coming weeks.
Strategy approach
Build a long strategy for Bitcoin on the H4 timeframe. Enter a long position when the price crosses above the 20-day moving average and the MACD line crosses above the signal line, confirming upward momentum. Hold for up to 14 days. Exit if the price drops 4% below the entry point, or take profit at an 8% gain.