- Israel approves six Bitcoin mutual funds, offering regulated access through major financial firms like Migdal and Phoenix Investment.
- Bitcoin mutual funds in Israel track indices such as BlackRock’s iShares and the S&P Bitcoin Index for transparent market exposure.
Israel is expected to make a substantial entry into the crypto industry on December 31, 2024, with the launch of six Bitcoin mutual funds. Approved by the Israel Securities Authority (ISA), these funds will provide Israelis with a regulated, institutional-grade, product-based pathway to investing in Bitcoin.
Leading financial firms such as Meitav, Phoenix Investment and Migdal Capital Markets are leading this initiative, marking a significant milestone in the country’s financial landscape.
These funds, whose management fees vary from 0.25% to 1.5%, seek to attract a varied pool of investors, ranging from individual players to large institutions.
🚨JUST!
Israel is expected to launch six mutual funds that will track Bitcoin prices on December 31.
This is an important milestone for the country’s financial market. 🚀 pic.twitter.com/ZRAVYfZwmV
– Bullish Times (@BullishTimes_) December 25, 2024
Regulated Bitcoin Exposure Aligns With Global Crypto Investing Trends
Without direct ownership, these mutual funds will monitor Bitcoin indices such as BlackRock iShares Bitcoin Trustthe S&P Bitcoin Index and the CME CF Bitcoin Reference Rate, thereby exposing investors to fluctuations in the crypto market.
Those who want the benefits of investing in Bitcoin without having to deal with the complexity of wallet management or private keys will particularly find this method intriguing. However, as with any financial instrument, potential investors should carefully consider their own financial objectives and the associated expenses and risks.
The arrival of this money fits into a broader global trend of including cryptocurrencies in conventional financial markets. These mutual funds, which are institutional quality products, are increasingly popular. Bitcoin continues to gain popularity.
Israel not only addresses the growing need for exposure to cryptocurrencies, but also ensures compliance with financial regulations by providing such controlled investment opportunities, thereby reducing the risk for investors.
On the other hand, the CNF previously reported that COTI, along with 13 other major companies, joined the CBDC initiative of the Central Bank of Israel.
Following strict regulatory standards, Blockchain COTI provides central bank digital currency (CBDC) with unparalleled privacy and security measures. Notable players in the initiative include Qedit, Paypal, 0xPay and Fireblocks.
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