Israel to launch six Bitcoin mutual funds on December 31

PANews reported on December 25 that according to Calcalist, 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 launched by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI. Fund management fees range from 0.25% to 1.5%. One of the funds is actively managed and aims to outperform Bitcoin. Initially, these funds will only trade once a day, but continuous trading may be possible in the future.