Bitcoin Hedge Funds Get Green Light In Israel: 6 Investment Houses Ready To Launch Before New Year

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 …

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