Local investment firms spearhead Israel’s foray into Bitcoin mutual funds with ISA’s approval.
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Israel is set to introduce six Bitcoin-linked mutual funds on Dec. 31, marking a significant step in the country’s crypto investment landscape. local media outlets Calcalist and Globes reported.s
The funds were introduced by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI.
According to the report, the Israel Securities Authority (ISA) approved these funds last week. They will initially operate with single daily transactions, but future iterations may feature continuous trading capabilities.
Israel’s approval of Bitcoin-focused mutual funds reflects growing confidence in digital asset investments. This move highlights the country’s alignment with global trends and readiness to integrate crypto products into traditional financial frameworks.
The Israel mutual funds are launching at a time when crypto-based exchange-traded funds (ETFs) have shown remarkable success.
Since their January launch, the US spot Bitcoin ETFs have seen rapid growth since their approval in 2023, amassing billions in investor inflows and cementing their place as leading financial products in the sector.
Data from SoSoValue shows that these funds have amassed total inflows of $35 billion and collectively manage assets of more than $100 billion. BlackRock’s iShares Bitcoin Trust (IBIT) leads this growing market.
Considering this, market experts foresee an exciting future for crypto ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyffart predict a significant boom in 2025, driven by potential shifts in SEC leadership.
They anticipate the launch of ETFs linked to major cryptocurrencies such as Litecoin, Solana, and XRP, though some may face regulatory delays.
Coinbase has also highlighted the potential for innovation in the ETF space, including mechanisms like in-kind creations and redemptions. These advancements could improve efficiency and reduce costs, strengthening ETFs as a cornerstone of the evolving crypto ecosystem.
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