Israel has approved six mutual funds focused on Bitcoin, set to launch on December 31, 2024. The funds will be offered by major companies such as Migdal and Phoenix, with fees ranging from 0.25 percent to 1.5 percent. Transactions will occur once a day, but flexibility may be possible in the future. This marks the first time Israeli investors will have access to Bitcoin funds, highlighting the country's growing interest in cryptocurrencies despite issues with local banks and tax authorities.
12/26/2024 1:17:32 PM (GMT+1)
Israel has approved the launch of six Bitcoin mutual funds with fees ranging from 0.25 percent to 1.5 percent, set to launch on December 31, 2024, providing investors with a new way to enter the cryptocurrency market 📈
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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