According to Foresight News and Coindesk, the Israel Securities Authority (ISA) has approved six mutual funds that track the price of Bitcoin. These funds will launch simultaneously on December 31, 2024, and are being introduced 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 only trade once a day, but continuous trading may be possible in the future.