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Bitcoin Mutual Funds Set to Trade in Israel Following Regulatory Approval

BTC

BTC/USDT

$92,068.21
+1.43%
24h Volume

$12,005,504,677.90

24h H/L

$92,519.95 / $90,236.00

Change: $2,283.95 (2.53%)

Long/Short
67.8%
Long: 67.8%Short: 32.2%
Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$92,150.01

▲ 1.25%

Volume (24h): -

Resistance Levels

Resistance 3$97,971.48
Resistance 2$94,658.34
Resistance 1$92,920.35
Price$92,150.01
Support 1$90,969.55
Support 2$89,210.16
Support 3$85,799.97
Pivot (PP):$91,790.08
Trend:Uptrend
RSI (14):57.5
Author
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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.

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