Indxx Licenses Bitcoin Reference Index to Migdal Mutual Funds Ltd. for an ETF

December 31, 2024-Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Bitcoin Reference Index to Migdal Mutual Funds Ltd. as the underlying benchmark for the MTF (4D) Indxx Bitcoin Reference Index Fund (5139886) which began trading today on the Tel Aviv Exchange.

The Indxx Bitcoin Reference Index is a daily benchmark designed to provide a reliable and transparent reference price for Bitcoin.

Rahul Sen Sharma, President, and Co-CEO at Indxx said, "The cryptocurrency market has experienced remarkable growth in recent years, with Bitcoin solidifying its position as a leading cryptocurrency. In December 2024, it achieved an all-time high exceeding $107,000, showcasing its potential for significant returns.1

With its low correlation to traditional asset classes, Bitcoin offers valuable diversification, which has drawn increasing interest from investors. As more countries embrace cryptocurrency, we anticipate continued global expansion in this market. We are excited to partner with Migdal Mutual Funds Ltd. to bring this innovative investment strategy to Israeli investors."

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Source: Indxx