Good news for Bitcoin enthusiasts in Israel! 🇮🇱 Six funds that track Bitcoin will be launched next week, following the approval of the Israel Securities Authority. These funds will follow the price of BTC and will be available at banks and investment firms starting December 31.
- Some funds will follow US-listed products, such as the BlackRock ETF.
- The combined market capitalization of all Bitcoin ETFs is $143.2 billion.
- The managers include Phoenix Investment and Migdal, with fees ranging from 0.25% to 1.5%.
Additionally, Israel is advancing with its digital currency, the digital shekel, to enhance banking competition. What do you think of these initiatives? Let us know your comments!