The Israeli Securities Authority (ISA) approved the launch of six mutual funds tracking the price of Bitcoin. All funds will begin operations on December 31. Management companies: Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. Fees range from 1.5% to 0.25%. One of the funds will be actively managed. The ISA's decision came a year after the approval of similar funds in the USA.