🎉 Bitcoin fans in Israel, rejoice! Six new Bitcoin-tracking funds are set to launch next week, thanks to a thumbs-up from the Israel Securities Authority. These funds will mimic Bitcoin's price through various indexes and strategies, hitting banks and investment firms on Dec. 31.
- Some funds will track U.S. ETFs like BlackRock's iShares Bitcoin Trust ETF.
- One fund aims to outperform Bitcoin itself! 🚀
With a combined market cap of $143.2 billion, these funds are managed by local pros like Phoenix Investment and Migdal. Management fees? A modest 0.25% to 1.5%.
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