Israel will launch six Bitcoin-linked mutual funds on December 31, marking an important step in the country’s crypto investment landscape. local media outlets Calcalist and Globes reported.s
The funds were launched by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI.
According to the report, the Israel Securities Authority (ISA) approved these funds last week. Initially they will work with single daily trades, but future iterations may offer continuous trading capabilities.
Israel’s approval of Bitcoin-focused mutual funds reflects growing confidence in digital asset investing. This move highlights the country’s alignment with global trends and willingness to integrate crypto products into traditional financial frameworks.
Success of Bitcoin ETFs
The Israeli mutual funds are being launched at a time when crypto-based exchange-traded funds (ETFs) have achieved remarkable success.
Since their launch in January, US spot Bitcoin ETFs have seen rapid growth since their approval in 2023, amassing billions from investors and cementing their place as the industry’s leading financial products.
Facts from SoSoValue shows that these funds have amassed total inflows of $35 billion and collectively manage assets of more than $100 billion. BlackRock’s iShares Bitcoin Trust (IBIT) leads this growing market.
Taking this into account, market experts foresee an exciting future for crypto ETFs. Bloomberg ETF analysts Eric Balchunas and James Seyffart predict a significant boom in 2025, driven by possible shifts in SEC leadership.
They anticipate the launch of ETFs tied to major cryptocurrencies such as Litecoin, Solana and XRP, although some may face regulatory delays.
Coinbase has also highlighted the potential for innovation in the ETF space, including mechanisms such as in-kind creations and redemptions. These improvements could improve efficiency and reduce costs, cementing ETFs as the cornerstone of the evolving crypto ecosystem.
