Bitcoin Mutual Funds Set to Launch in Israel: Six Funds Get ISA Approval for December 31 Debut

According to a recent Coindesk report, the landscape of cryptocurrency investment in Israel is set to evolve significantly. Starting December 31st, six mutual funds that track the price of Bitcoin will launch, following the green light from the Israel Securities Authority (ISA). These funds, managed by reputable firms including Migdal Capital Markets, Ayalon, More, Phoenix Investment, Meitav, and IBI, will offer management fees that vary from 1.5% to 0.25%. Notably, one of these mutual funds aims to utilize an active management strategy, with the objective of surpassing Bitcoin’s market performance. This innovative approach in the Israeli financial market underscores a growing acceptance and sophistication in cryptocurrency investment opportunities.