Binance News
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Bitcoin-Tracking Mutual Funds Set to Launch in Israel
According to BlockBeats, six mutual funds tracking Bitcoin prices are set to debut in Israel next week following approval from the Israel Securities Authority (ISA). These funds will commence operations on December 31 and will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. Management fees for these funds will range from 1.5% to 0.25%. Notably, one of the funds will employ active management strategies in an attempt to outperform Bitcoin's market performance.
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