#FIL/USDT #ens

According to Calcalist, the Israel Securities Authority (ISA) has approved six mutual funds tracking the price of Bitcoin, which will launch simultaneously on December 31, 2024, by institutions such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. The management fees for the funds range from 0.25% to 1.5%, with one fund being actively managed, aiming to outperform Bitcoin's performance. Initially, these funds will trade only once a day, but continuous trading may be possible in the future.

Incremental funds are on the way.