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Several Bitcoin Mutual Funds to Go Live in Israel
The success of US-based ETFs has reportedly been a key factor in the massive price surge of Bitcoin, which recently managed to surpass the $100,000 mark. This development is expected to have significant implications for the global cryptocurrency market.
According to recent reports, two new cryptocurrency ETF products that simultaneously offer exposure to both Bitcoin and Ethereum are set to go live in Israel. The approval of these mutual funds by regulatory bodies has been seen as a significant step forward for the adoption of cryptocurrencies among institutional investors.
As reported by U.Today, the US Securities and Exchange Commission (SEC) recently greenlit two additional cryptocurrency ETF products that offer exposure to both Bitcoin and Ethereum. These new funds are expected to further fuel interest in cryptocurrencies among investors.
The success of these ETFs has been a major catalyst for the massive price surge of Bitcoin, which recently surpassed $100,000.
Source: u.today
