Israel Joins the Bitcoin Boom with Six Mutual Funds: What’s Next?
Bitcoin hit its highest peak for the first time after ETF approval, beating all expectations as it hit $100,000 in December despite a sharp market drop last week. Bulls have not lost hope in Bitcoin as the price rose and hit $98,000 today.
Israel is stepping into the cryptocurrency spotlight emission On December 31, a total of six Bitcoin mutual funds were launched. The funds received approval from the Israel Securities Authority (ISA) last week to provide regulated access to Bitcoin investment, reflecting the country’s growing interest in the digital asset market. Is this a Santa Claus rally effect? Let’s take a look at the market situation in Israel.
Key details about the fund
Although Bitcoin will see some short-term losses between the next year, the timing seems to be right as Bitcoin is set to post a major rally. Offered by well-known companies such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, these mutual funds will initially trade on a daily basis with management fees ranging from 0.25% to 1.5%. Notably, a fund will be actively managed and designed to outperform Bitcoin’s market performance.
Global context and impact
The move comes nearly a year after the U.S. SEC approved a spot Bitcoin ETF, which has since attracted $35.6 billion in investment. ISA’s decision is in line with global trends, such as South Korea’s surging trading volumes and Turkey’s strict anti-money laundering measures, signaling the maturity of the cryptocurrency market.
Israel’s entry into the Bitcoin fund market highlights the growing acceptance of cryptocurrencies as a mainstream investment as Bitcoin prices have doubled over the past year and institutional demand surges. This development further solidifies global momentum for regulated and accessible digital asset products.
Bitcoin Current Market Overview
Bitcoin is currently testing resistance near $101,000 and could pull back to $69,000 as key support. Historical trends show that the post-Christmas rally coincides with the halving cycle and typically drives prices significantly higher. The long-term objective of technical patterns suggests that Bitcoin could reach $150,000 or even $250,000 if the bullish structure holds. However, the short-term move depends on breaking resistance and holding key support levels.
Bitcoin’s pullback shows that no matter what happens, the market is maturing. Israel views this economic slowdown as a strategy to capitalize on cryptocurrency adoption in the region through a security scheme of mutual funds rather than ETFs. However, in order to boost future crypto plans, they must approve ETFs as this is the only way to bring new capital into the system.
