Following the current trend of countries initiative of creating Bitcoin founds, in the past days an important decision was made and will impact the volume of Bitcoin marketcap.
Six mutual funds tracking Bitcoin prices will be launched in Israel on December 31, following approval from the Israel Securities Authority.
This milestone comes after more than two years of lobbying efforts by local financial institutions. The funds employ various strategies: some are linked to BlackRock’s spot Bitcoin ETF, while others track indices such as those from S&P or the Chicago Exchange.
This approval comes nearly a year after the U.S. SEC authorized 11 spot Bitcoin ETFs, which have already amassed over $110 billion in assets.
This is only one of the indicators of a rise on BTC in the beginning of 2025 and must help to confirm some predictions about the price that this crypto will reach.