Israel’s securities regulator granted approval for six investment houses to launch hedge funds tracking Bitcoin’s (CRYPTO: BTC) price on New Year’s Eve, local media reported Wednesday.
What Happened: The funds are all set to launch on Dec. 31, the last trading day of the year, after getting the regulatory go-ahead from the Israel Securities Authority, according to financial news platform Calcalist and Globes.
Some funds will align with BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) while others will follow the index launched by S&P or the Chicago Stock Exchange. One fund plans to adopt an active strategy, aiming to outperform Bitcoin’s price performance.
The funds will be offered by Ayalon, IBI, Meitav, More, Migdal …Full story available on Benzinga.com
Bitcoin Hedge Funds Get Green Light In Israel: 6 Investment Houses Ready To Launch Before New Year
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