Hedgeeye: Plans Hedged Bitcoin ETF HBIT

Hedgeeye is planning a Hedged Bitcoin ETF $HBIT that invests in a bitcoin ETF then overlays call option sales and purchases to hedge downside risk while generating income.

BTC sits at $61242.04 inside its Bollinger Band with upper resistance at $64263.64 and lower support at $60600.87; the 50-EMA at $63915.01 acts as immediate resistance while the 200-EMA at $71177.31 caps longer-term upside, and neutral RSI at 42.44 combined with MACD golden cross suggests a measured bounce attempt before any deeper test of the lower band.