"Israel Securities Authority Approves Six Bitcoin Mutual Funds, Launch Expected Next Week"
YM Lee
Summary
- The Israel Securities Authority has reportedly approved the launch of six Bitcoin mutual funds.
- These funds are expected to be offered by Migdal Capital Markets, Ayalon, Phoenix Investment, and others.
- Management fees are expected to range from a maximum of 1.5% to 0.25%.
The Israel Securities Authority (ISA) has reportedly approved the launch of Bitcoin (BTC) mutual funds.
According to a report by Calcalist on the 25th (local time), the Israel Securities Authority has approved six Bitcoin mutual fund products, which are expected to be launched on December 31.
The six mutual fund products will be offered by companies such as Migdal Capital Markets, Ayalon, Phoenix Investment, and Meitav, with management fees ranging from a maximum of 1.5% to 0.25%.
YM Lee
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