TechFlow news, on December 25, six mutual funds tracking the price of Bitcoin (BTC) will be listed in Israel on December 31, following approval from the Israel Securities Authority (ISA). These funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, with management fees ranging from as high as 1.5% to 0.25%.
According to market sources cited in a report by Globes on Tuesday, these funds will initially trade only once per day, but future products will allow for continuous trading.
"Investment companies have been pleading for ETF approvals for over a year and began submitting Bitcoin fund prospectuses mid-year," said an investment firm executive. "But regulators march to their own beat. They must examine the details."
