The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel.
According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC).
ISA’s approval of the funds last week paved the way for their debut on Dec. 31, the report stated.
Cacalist’s report reveals that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI – to go live at the same time.
The simultaneous launch is a condition the regulator outlined for the providers.
Per the report, the funds will charge management fees between 1.5% to 0.25%. Also notable is that one of the new funds is actively managed, with transacting initially set for once a day.
The imminent launch of BTC mutual funds in Israel is coming as the crypto industry welcomes greater participation from institutional investors.
United States, Europe, Hong Kong, and Australia all made huge strides in 2024, with Bitcoin and crypto exchange-traded products hitting the respective markets and causing massive adoption.
In January 2024, the U.S. Securities and Exchange Commission kicked off the uptrend with approval for multiple spot Bitcoin ETFs.
Since the ETFs have gobbled billions of dollars in BTC. SoSoValue data shows net assets in U.S. spot BTC ETFs hovered at $110 billion as of Dec. 24. This equated to over 5.7% of the Bitcoin market capitalization at the time. Cumulative net inflows stood at $35.49 billion.
Israel’s nod to the funds follows rising demand across the local market. Various firms filed prospectuses for BTC products beginning in June, Calcalist quoted an official at an investment firm.

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What happened?
On April 1, 2024, Iran attacked Israel directly for the first time in its history, using drones and missiles. This was retaliation for an earlier attack on the Iranian consulate in Damascus, where senior commanders of Iran's Revolutionary Guard were killed. Although Israel did not officially acknowledge the attack, it is widely assumed that it was involved.
Why are they enemies?
The relationship between these countries was not always hostile. Until the 1979 Islamic Revolution in Iran, the two were allies. However, following the rise of the new Iranian regime, opposition to Israel became a central pillar of its ideology. Iran does not recognize Israel's existence and seeks its destruction, while Israel views Iran as an existential threat, in part due to its nuclear program and its support for groups such as Hezbollah and Hamas.

In a landmark moment for financial innovation, Israel has witnessed its first Central Bank Digital Currency (CBDC) transaction involving a tokenized stock purchase, marking a significant milestone in the evolution of digital financial systems. The groundbreaking transaction, facilitated by Kima Network, demonstrates the transformative potential of integrating blockchain technology with traditional financial frameworks.
The Digital Transformation of Financial Transactions
During the Bank of Israel's digital shekel pilot program, Kima's PeerTrade demo platform showcased an extraordinary capability that could reshape how financial exchanges occur. The transaction represented more than just a simple stock purchase—it was a testament to the power of decentralized financial technologies. By utilizing digital shekels, the buyer completed a stock purchase while the seller received payment in traditional shekels, with an instantaneous conversion process that eliminated the need for complex intermediary steps.
A New Paradigm of Financial Efficiency
The transaction's most remarkable feature was its seamless execution. Unlike traditional financial exchanges, this process demonstrated unprecedented security and efficiency. Funds were securely locked until the stock transfer was confirmed, ensuring a protected and transparent transaction. The real-time conversion of digital currency to fiat money opened up new possibilities for integrating digital and traditional financial ecosystems.
Visionary Perspective on Financial Innovation
Eitan Katz, CEO of Kima, articulated the profound implications of this breakthrough. He highlighted how current financial systems are burdened by unnecessary barriers and intermediaries that slow down transactions and increase costs. This transaction represents a pivotal moment in creating real-time, direct financial exchanges that bypass traditional constraints.
Beyond Stock Purchases: A Comprehensive Financial Solution
Kima's blockchain-based protocol extends far beyond this single transaction. The technology promises to revolutionize various financial domains, including cross-border payments, peer-to-peer commerce, and both centralized and decentralized financial platforms. By creating a flexible infrastructure that bridges different currency and asset types, Kima is positioning itself as a key player in the future of financial technology.
Navigating Challenges in a Evolving Landscape
The journey is not without obstacles. Regulatory uncertainties and the gradual global adoption of CBDCs present significant challenges. However, Kima's ability to provide a smooth connection between traditional and digital financial systems gives it a competitive edge in this rapidly evolving landscape.
Broader Implications
This breakthrough extends beyond a single transaction. It represents a potential paradigm shift in how we conceptualize financial exchanges. By demonstrating the feasibility of efficient, cost-effective transactions without traditional intermediaries, Kima is paving the way for broader acceptance of CBDCs and tokenized assets.
As blockchain technology continues to mature, innovations like this could fundamentally restructure global payment infrastructures. The ability to execute secure, instantaneous transactions across different financial systems represents a significant leap forward in financial technology.
Kima's achievement is more than a technological milestone—it's a glimpse into a future where financial transactions are more accessible, efficient, and transparent. By breaking down traditional barriers and creating seamless bridges between different financial technologies, we are witnessing the early stages of a potentially revolutionary transformation in how we understand and execute financial exchanges.
The digital financial revolution is not just coming—it's already here, and Israel's recent CBDC transaction is compelling evidence of this exciting new era.

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