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Bitcoin Mutual Funds Set to Trade in Israel Following Regulatory Approval

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
DK
David Kim
(05:31 PM UTC)
1 min read

Contents

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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.

  • Following crucial approvals from the Israel Securities Authority, this initiative represents a growing acceptance of crypto assets within mainstream investment avenues in Israel.

  • “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.

DK

David Kim

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