Crypto Currency

Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report The Israel Securities Authority approval was granted last week, Calcalist reported. By Sheldon Reback Dec 25, 2024, 11:45 a.m. UTC Tel Aviv, Israel (Unsplash) What to know: Six bitcoin mutual funds

Policy

Share this article

X iconX (Twitter)LinkedInFacebookEmail

Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report

The Israel Securities Authority approval was granted last week, Calcalist reported.

By Sheldon Reback
Dec 25, 2024, 11:45 a.m. UTC
Tel Aviv, Israel

Tel Aviv, Israel (Unsplash)

What to know:

  • Six bitcoin mutual funds will debut in Israel on Dec. 31
  • Approval for the funds was granted last week, almost a year after SEC greenlighted U.S. exchange-traded funds.

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday.

All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

The 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%. One of the funds will be actively managed, trying to beat bitcon’s performance. They will initially transact just once a day, though future products will be able to trade continuously, Globes said in a Tuesday report, citing market sources.

The ISA’s approval comes almost a year after the U.S. Securities and Exchange Commission (SEC) greenlighted spot bitcoin exchange-traded funds (ETFs) in the world’s largest economy, during which the world’s largest cryptocurrency has more than doubled to trade near a record high. The U.S. funds have gathered a net $35.6 billion of investor cash.

“The investment houses have been pleading for more than a year for ETFs to be approved and started sending prospectuses for bitcoin funds in the middle of the year. But the regulator marches to its own tune. It has to check the details,” an unidentified senior executive at an investment house told Calcalist.

IsraelBitcoinMutual Funds
Sheldon Reback

Sheldon Reback is CoinDesk editorial’s Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal’s main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk’s notifiable limit.

X icon

Sheldon Reback

!–>!–>
Read More

Be the first to write a comment.

Leave a Reply

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

Crypto Currency

U.S. Treasury: Congress Needs to Pass Crypto Legislation This Spring 

Bitcoin Magazine U.S. Treasury: Congress Needs to Pass Crypto Legislation This Spring  U.S. Treasury Secretary Scott Bessent is urging lawmakers to deliver crypto legislation to President Donald Trump’s desk for signature this spring. This post U.S. Treasury: Congress Needs to Pass Crypto Legislation This Spring  first appeared on Bitcoin Magazine and is written by Micah

Bitcoin Magazine

U.S. Treasury: Congress Needs to Pass Crypto Legislation This Spring 
U.S. Treasury Secretary Scott Bessent is urging lawmakers to deliver crypto legislation to President Donald Trump’s desk for signature this spring.
This post U.S. Treasury: Congress Needs to Pass Crypto Legislation This Spring  first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

CoinDesk 20 performance update: Uniswap (UNI) jumps 5.4%, leading index higher

CoinDesk Indices Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email CoinDesk 20 performance update: Uniswap (UNI) jumps 5.4%, leading index higher Bitcoin Cash (BCH), up 5.3% from Thursday, joined Uniswap (UNI) as a top performer. By CoinDesk Indices Feb 13, 2026, 2:21 p.m. Make us preferred on Google CoinDesk Indices

Share this article

X iconX (Twitter)LinkedInFacebookEmail

CoinDesk 20 performance update: Uniswap (UNI) jumps 5.4%, leading index higher

Bitcoin Cash (BCH), up 5.3% from Thursday, joined Uniswap (UNI) as a top performer.

By CoinDesk Indices
Feb 13, 2026, 2:21 p.m.
GoogleMake us preferred on Google
9am CoinDesk 2src Update for 2src26-src2-13: leaders chart

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1920.47, up 2.0% (+36.77) since 4 p.m. ET on Thursday.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters

Eighteen of the 20 assets are trading higher.

9am CoinDesk 2src Update for 2src26-src2-13: vertical

Leaders: UNI (+5.4%) and BCH (+5.3%).

Laggards: ICP (-2.1%) and BNB (-1.1%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

CoinDesk IndicesCoinDesk 20chartsPrices

More For You

CoinDesk 20 performance update: AAVE gains 1.7% while index trades lower over weekend

9am CoinDesk 2src Update for 2src26-src2-23: leaders

Uniswap (UNI) joined Aave (AAVE) as a top performers, gaining 0.5% from Friday.

Read full story
Latest Crypto News
Bitcoin (BTC) price on Feb. 23 (CoinDesk)

Bitcoin rebound fades as software and private equity rout drags stocks and crypto lower

World Liberty Financial leadership team (Jesse Hamilton/CoinDesk)

Trump-linked stablecoin wobbles as WLFI says it’s under ‘coordinated attack’

Crypto.com (Jesse Hamilton/Coindesk)

Crypto.com wins initial approval for U.S. federally regulated crypto custodian bank

Anthony Pompliano. (CoinDesk)

Anthony Pompliano led Procap Financial dips toe into buybacks

Russia stablecoin milestone. (Photo by Artem Beliaikin on Unsplash/Modified by CoinDesk)

Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion

CoinDesk

CoinDesk 20 performance update: AAVE gains 1.7% while index trades lower over weekend

Top Stories
Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2src26 (David Paul Morris/Consensus, modified by CoinDesk)

BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion

Michael Saylor, Executive Chairman of Strategy (MSTR)

Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million

Bitcoin ETFs lose billions in five weeks. (Pixabay)

Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak

Vitalik Buterin (CoinDesk)

Ethereum’s cofounder Vitalik Buterin sells more ether while prices continues to slide

Bitcoin bus (Photo: Olivier Acuna/Modified by CoinDesk)

To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing

The word "options" (Peggy_Marco/Pixabay)

Tariff travails resurface, bitcoin holders prepare for declines

!–>!–>!–>!–>
Read More

Continue Reading
Crypto Currency

Binance Buys $1B in Bitcoin, US Inflation Lower-Than-Expected, but BTC Price Still Suffers: Weekly Crypto Recap

Bitcoin traded mostly sideways in the past week, but every breakout attempt was halted in its tracks…

Bitcoin traded mostly sideways in the past week, but every breakout attempt was halted in its tracks…
Read More

Continue Reading
Crypto Currency

Binance France CEO Targeted in Failed Home Invasion Near Paris, Three Arrested

Bitcoin Magazine Binance France CEO Targeted in Failed Home Invasion Near Paris, Three Arrested Binance France CEO David Prinçay was targeted in a failed home invasion near Paris on Feb. 12. French police arrested three suspects. This post Binance France CEO Targeted in Failed Home Invasion Near Paris…

Bitcoin Magazine

Binance France CEO Targeted in Failed Home Invasion Near Paris, Three Arrested
Binance France CEO David Prinçay was targeted in a failed home invasion near Paris on Feb. 12. French police arrested three suspects.
This post Binance France CEO Targeted in Failed Home Invasion Near Paris…
Read More

Continue Reading