Six mutual funds tracking the price of bitcoin will debut in Israel next week after receiving approval from the Israel Securities Authority (ISA). The six companies, which will begin operations on the same day on December 31, will be provided by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI respectively, with management fees ranging from 1.5% to 0.25%. One of the funds will use active management in an attempt to outperform bitcoin.