Israeli firms set to introduce Bitcoin mutual funds, aligning with global crypto trends

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.

Bitcoin ETFs success

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.

The post Israeli firms set to introduce Bitcoin mutual funds, aligning with global crypto trends appeared first on CryptoSlate.

  • Related Posts

    Retail investor demand for Bitcoin is recovering after January low

    In late November, retail investor demand for Bitcoin surged significantly, reaching a peak on Nov. 27 that seemed to cap off a period of heightened enthusiasm among small Bitcoin holders.…

    Continue reading
    Robinhood’s crypto revenue skyrockets 700% amid Bitcoin boom

    Robinhood reported a staggering 400% surge in crypto trading volume in the fourth quarter, reaching $70 billion, as retail investors flocked back to digital assets amid Bitcoin’s (BTC) rally past…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Retail investor demand for Bitcoin is recovering after January low

    Retail investor demand for Bitcoin is recovering after January low

    Robinhood’s crypto revenue skyrockets 700% amid Bitcoin boom

    Robinhood’s crypto revenue skyrockets 700% amid Bitcoin boom

    Franklin Templeton FOBXX tokenized money fund goes live on Solana

    Franklin Templeton FOBXX tokenized money fund goes live on Solana

    CME Group hits record crypto trading volumes in Q4 amid rising institutional demand

    CME Group hits record crypto trading volumes in Q4 amid rising institutional demand

    JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million

    JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million

    Bad retail sentiment in crypto presents opportunity – Bitwise CIO

    Bad retail sentiment in crypto presents opportunity – Bitwise CIO