Six Bitcoin funds set to debut in Israel following regulatory approval
On Dec. 31, Israel’s asset managers will launch six mutual funds tracking Bitcoin’s price movements.
Six Bitcoin-tracking funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority.
According to local media reports, the funds will mirror Bitcoin’s (BTC) price movements through various indexes and strategies and will be available for purchase at banks and investment firms starting Dec. 31.
Some of the new funds will track exchange-traded funds (ETFs) launched in the United States, such as BlackRock’s iShares Bitcoin Trust ETF (IBIT). One of the funds will be actively managed to beat the cryptocurrency’s performance.
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Author: Ana Paula Pereira
