“Israel Securities Authority approves launch of six bitcoin mutual funds on Dec. 31. Funds offered by companies like Migdal, More, Ayalon, Phoenix, Meitav, and IBI with fees ranging from 0.25% to 1.5%. One actively managed fund aims to outperform bitcoin’s performance. U.S. SEC approved spot bitcoin ETFs a year earlier, contrasting regulatory approach. Israeli investment houses have pushed for bitcoin funds for over a year.”