Israel is making strides in the crypto sector with its securities regulator approving six Bitcoin mutual funds, managed by firms like Migdal Capital Markets and Phoenix Investment.
Unlike Bitcoin ETFs, which trade throughout the day, these funds operate on a set daily net asset value (NAV), leading to higher management fees. This marks another step toward mainstream adoption of Bitcoin in traditional finance.
While demand in Israel remains uncertain, the success of U.S. Bitcoin ETFs—pulling in over $40 billion since launch—suggests a strong appetite for such investment vehicles.
The country is already a major player in blockchain innovation, home to over 174 crypto startups, including industry giants like eToro and StarkWare.
Recent funding rounds have injected over $100 million into Israeli crypto firms, pushing total investments beyond $3 billion.
Regulatory clarity has given Israel an edge, with tax policies on digital assets established as early as 2018—far ahead of many other nations. This stability has encouraged both institutional participation and startup growth.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.
WazirX’s bid to restructure and compensate victims of a $230 million hack has been rejected by the Singapore High Court, putting the exchange’s recovery roadmap in limbo.