According to Deep Tide TechFlow, on December 25, after receiving approval from the Israeli Securities Authority (ISA), six mutual funds tracking Bitcoin (BTC) prices will be listed in Israel on December 31. These funds will be provided by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, with management fees ranging from up to 1.5% to 0.25%.
Globes reported on Tuesday, citing market sources, that these funds initially traded once a day, but future products will be able to trade continuously.
Executives from investment firms said, 'Investment companies have been pleading for ETF approval for over a year and began sending prospectuses for Bitcoin funds in the middle of the year. But regulators have been unyielding. They must check the details.'
