Israel to Launch Six Bitcoin Mutual Funds on December 31

PANews reported on December 25 that according to Calcalist reports, the Israel Securities Authority (ISA) approved six mutual funds that track the price of Bitcoin. These funds will be launched simultaneously on December 31, 2024, and will be jointly funded by Migdal Capital Markets, More, Ayalon , Phoenix Investment, Meitav and IBI were launched. Fund management fees range from 0.25% to 1.5%, and one of the funds is actively managed and aims to outperform Bitcoin. Initially, these funds will only trade once a day, but may be able to trade continuously in the future.