Beginning December 31, 2024, Israel will launch six Bitcoin mutual funds, marking a critical step in cryptocurrency offerings. Managed by firms like Meitav and Migdal, these funds will enable tracking of key indices.
Management fees for these funds portray a diverse range, with IBI and Meitav charging 0.25%, while Ayalon’s fund carries a higher fee at 0.8%. This pricing strategy may attract different investor segments.
Currently trading at 98,000 USD, Bitcoin has surged by 126% since the year began. This impressive growth positions Israeli mutual fund investors to capitalize on the expanding market and digital currency trends.
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