🇮🇱 Israel is set to launch 6 Bitcoin tracking funds next week after being approved by the Israel Securities Authority! 🌟

- These funds will reflect BTC prices through various indices and strategies, available at banks and investment companies from 31/12.

- Some funds will track US ETF products like BlackRock's iShares Bitcoin Trust ETF.

- The total market capitalization of Bitcoin ETFs is approximately $143.2 billion as of 25/12.

Fund managers such as Phoenix Investment, IBI-Kessem, Meitav, More, Ayalon, and Migdal are behind these funds. Management fees range from 0.25% to 1.5%.

Israel is also developing a central bank digital currency (CBDC) - the digital shekel, aimed at enhancing competition with local banks.

What do you think about this advancement by Israel in the cryptocurrency market? Share your thoughts! 💬