Date: 08/05/2025
*** GENERAL AVICE ONLY***
Bitcoin ETF
The Global X 21Shares Bitcoin ETF (EBTC) offers exposure to physical Bitcoin. Australia’s first spot Bitcoin ETF.
What Is Bitcoin?
Bitcoin is a decentralized digital payment system and currency. It was created by a person or group, going by the username Satoshi Nakamoto, who posted a whitepaper on a discussion board.
Bitcoin operates without a financial system or government authorities and doesn’t require the involvement of financial institutions. It can be used as an alternative to fiat currencies or as an investment bought through crypto exchanges. It utilizes peer-to-peer transfers on a digital network that records and secures all transactions. This network uses a blockchain, an open-source program that chains transaction histories to prevent manipulation.
Bitcoin makes money for investors through appreciation, the increase of an asset’s market value.
Trade Rationale
BTC has held in very well during the April volatility and managed to test the lows around $76k but bounced out of that area very strongly and now trading around the $97k level. The way it has performed during this volatility gives it more credence to being a digital store of value. From a technical perspective EBTC is now trading above the lows made in Dec to Feb ($14.50), so chances are it can rally towards the recent highs around $16.50. Downside risk is easy to manage here with a stop around $11.50. With inflation sticky and tariff news being headline news, BTC is looking like one of the assets that should continue to rise in these volatile times
Trade Strategy:
Buy EBTC up to $14.80
Stop Loss $11.50
Initial profit target $18.10
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.