Israel is set to introduce six bitcoin-related mutual funds on December 31, a major step in the country's cryptocurrency investment landscape. Local media Calcalist and Globes reported.s
These funds were introduced by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI.
According to the report, the Israel Securities Authority (ISA) approved the funds last week. They will initially work with single daily transactions, but future iterations may have continuous trading capabilities.
Israel's approval of bitcoin-focused mutual funds shows growing confidence in investing in digital assets. This move highlights the country's alignment with global trends and readiness to integrate crypto products into traditional financial frameworks.
The success of the Bitcoin ETF
Israel's mutual funds are launched at a time when cryptocurrency-based mutual funds (ETFs) have shown significant success.
Since their launch in January, The US Spot Bitcoin ETF has grown rapidly Since their approval in 2023, it has raised billions in inflows and cemented its position as the leading financial product in the sector.
data SoSoValue shows that these funds have collected total inflows of $35 billion and collectively manage more than $100 billion in assets. iShares Bitcoin Trust (IBIT) BlackRock It drives the growing market.
With this in mind, market experts predict an exciting future for crypto ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyfarth, a Significant boom in 2025driven by potential changes in SEC leadership.
They foresee the launch of ETFs related to major digital currencies such as Litecoin, Solanaand XRPalthough some may experience regulatory delays.
It also has Coinbase is highlighted The potential for innovation in the ETF space, including mechanisms such as creations and redemptions. These developments could improve efficiency and reduce costs, strengthening ETFs as a cornerstone of the evolving crypto ecosystem.
