Bitcoin fans in Israel, rejoice! đ Six Bitcoin-tracking funds are set to debut next week, thanks to a thumbs-up from the Israel Securities Authority.
- These funds will mimic Bitcoin's price through various strategies and will be available at banks and investment firms starting Dec. 31.
- Some funds will track U.S. ETFs like BlackRockâs iShares Bitcoin Trust, while one aims to outshine Bitcoin itself!
- With a combined market cap of $143.2 billion, these funds are managed by Israeli big shots like Phoenix Investment and Migdal.
- Fees range from 0.25% to 1.5%, and orders will initially be executed daily.
Israel's also dabbling in digital shekels, aiming to boost bank competition.
