News  Sources

Israeli institutions to launch Bitcoin tracking funds

Four Israeli mutual fund managers have filed prospectuses for the launch of funds tracking Bitcoin next week, allowing the Israeli public to invest in Bitcoin in shekels. The funds will not be traded continuously, with buy and sell orders executed once a day. This move follows a regulatory change in the US earlier this year, allowing investment houses to set up ETFs tracking Bitcoin as an underlying asset. Bitcoin has recently gained support from US president-elect Donald Trump's declarations in favor of cryptocurrencies.

Original article source: https://en.globes.co.il/en/article-israeli-institutions-to-launch-bitcoin-tracking-funds-1001497596
Source Id: 8472217260

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox