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The Israeli financial landscape is set to shift with the impending launch of six Bitcoin-based mutual funds, marking a significant regulatory milestone.
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Following crucial approvals from the Israel Securities Authority, this initiative represents a growing acceptance of crypto assets within mainstream investment avenues in Israel.
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“The success of U.S.-based ETFs was the main catalyst that pushed the Bitcoin price substantially higher,” noted Eyal Goren, deputy CEO of IBI Funds.
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In Case You Missed It: Ethereum Kohaku Roadmap May Advance Wallet Privacy as Validator Queues and ETF Staking Rise
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