According to a report by the Israeli media Calcalist, the Israel Securities Authority (ISA) has approved six mutual funds that track the price of Bitcoin. These funds will be launched simultaneously on December 31, 2024, and will be offered by institutions such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI.
The management fees for these funds range from 0.25% to 1.5%, and one of the funds is an actively managed fund that aims to outperform Bitcoin's performance. Initially, these funds will only trade once a day, but they may be able to achieve continuous trading in the future.
