Bitcoin-tracking funds are set to debut in Israel next week after the Israel Securities Authority's recent approval. Starting December 31, investors can purchase these funds through banks and investment firms. The funds will track Bitcoin's price via various indexes, with some linked to U.S. ETFs like BlackRock’s iShares Bitcoin Trust ETF. Managed by firms like Phoenix Investment and Migdal, fees range from 0.25% to 1.5%. This move allows Israeli investors to engage with Bitcoin using shekels. Meanwhile, Israel continues developing its digital shekel to boost banking competition.