Bitcoin Mutual Funds Set to Trade in Israel Following Regulatory Approval

The Israeli financial landscape is set to shift with the impending launch of six Bitcoin-based mutual funds, marking a significant regulatory milestone.

Following crucial approvals from the Israel Securities Authority, this initiative represents a growing acceptance of crypto assets within mainstream investment avenues in Israel.

“The success of U.S.-based ETFs was the main catalyst that pushed the Bitcoin price substantially higher,” noted Eyal Goren, deputy CEO of IBI Funds.