Six Bitcoin Funds to Launch in Israel After Regulatory Green Light
Israel approves six Bitcoin funds for launch, offering local investors new crypto exposure
Highlights:
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Israel approves six Bitcoin funds, offering local investors access to cryptocurrency starting Dec. 31.
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The funds will track Bitcoin's performance using various strategies, including ETFs and active management.
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Israel develops a digital shekel alongside new crypto funds to enhance financial innovation.

Israel will soon launch six Bitcoin-tracking funds, starting on Dec. 31. These funds received approval from the Israel Securities Authority after two years of requests from asset managers. Local banks and investment firms will offer these funds, allowing investors to buy into Bitcoin’s price movements.
Multiple Strategies to Track Bitcoin
The funds will use different strategies to track Bitcoin’s performance. Some will follow Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust ETF (IBIT). One fund will be actively managed with the goal of outperforming Bitcoin.
Six major Israeli mutual fund managers—Phoenix Investment, IBI-Kessem, Meitav, More, Ayalon, and Migdal—will oversee the funds. Management fees will range from 0.25% to 1.5%.
These funds will allow investors to gain exposure to Bitcoin through Israel’s currency, the shekel. For now, transactions will be processed once per day based on Bitcoin’s price at that time.
After two years of waiting, the approval is a big step forward. Israeli asset managers have long sought ways to enter the digital currency market. Some already manage mutual funds that invest in companies linked to crypto.
Israel’s Push for a Digital Shekel
Alongside the Bitcoin funds, Israel is developing its own central bank digital currency (CBDC), the digital shekel. This project aims to improve payment systems and increase competition with local banks.
The Bank of Israel has set up a sandbox to test real-time payment systems with the digital shekel.
While many support the CBDC project, some have raised concerns about privacy.
Despite this, the launch of these Bitcoin funds and the development of the digital shekel demonstrate Israel’s commitment to digital finance and cryptocurrencies.
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