Financial Innovation: Israel Approves Six Bitcoin Mutual Funds for Regulated Investments

Israel Launches Six Bitcoin Mutual Funds for Regulated Investments

Israel has made a significant move in the financial industry by approving six Bitcoin mutual funds, providing a regulated path for investors to gain exposure to the cryptocurrency. The new funds will be offered through top financial institutions such as Migdal and Phoenix Investment.

The approved funds will track indices such as BlackRock’s iShares Bitcoin Trust, S&P Bitcoin Index, and CME CF Bitcoin Reference Rate, allowing investors to indirectly invest in Bitcoin without having to manage wallets or private keys themselves.

Source: www.crypto-news-flash.com