Techub News reports that according to Israeli media Calcalist, the Israeli Securities Authority (ISA) has approved six mutual funds tracking Bitcoin prices, which will launch simultaneously on December 31, 2024, introduced by institutions such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI.

The fund management fees range from 0.25% to 1.5%, with one fund being actively managed, aiming to outperform Bitcoin's performance. Initially, these funds will trade only once a day, but continuous trading may be possible in the future.