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Israel Approves Six Bitcoin Mutual Funds for Launch Next Week: Report
The Israel Securities Authority (ISA) has recently given the green light to six Bitcoin mutual funds, which are set to debut next week. According to a local news publication, Calcalist, these new funds will allow local investors to access Bitcoin investments through the Israeli shekel, marking a significant milestone in the country’s cryptocurrency regulatory landscape.
Per the report, the newly approved funds will be priced at the market rate of Bitcoin once daily and will employ various methods to track BTC’s price, including indexes and active management strategies. Some of these funds will also track prominent U.S. Bitcoin ETFs, such as Grayscale Bitcoin Trust, Bitwise 10 Private Index Fund, and Coinbase Crypto Index Fund.
It is essential for readers to conduct their own research and consult with financial advisors before making investment decisions based on the information presented in this article.
The funds’ launch next week marks a significant development in Israel’s cryptocurrency regulatory landscape, as it signals a growing willingness by authorities to provide institutional investors with access to Bitcoin and other digital assets.
Source: www.crypto-news-flash.com
