Middle East ETP News
you are currently viewing::Indxx Licenses Bitcoin Reference Index to Migdal Mutual Funds Ltd. for an ETFDecember 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." Source: Indxx |
Exchanges get religion in pursuit of Muslim cryptobros
August 12, 2025--Saudi Arabia's Capital Market Authority (CMA) is planning to make investment funds available to the public via the stock markets.
The new initiative, for which it has sought public feedback, allows for certain types of "financing investment funds", which are currently only available through private placements, to be listed on the Main and Parallel Markets of the Saudi Stock Exchange (Tadawul).
Exchanges get religion in pursuit of Muslim cryptobros
August 8, 2025--Binance launches Islamic investments
Mena's Muslim investors underserved
Gulf hosts 50% of global Islamic assets
Cryptocurrency exchanges including Binance are rolling out halal investment options in an effort to entice Muslim investors.
Kuwait bourse to return to debt listing and trade in 2025
July 14, 2025-The Kuwait Stock Exchange will restart the listing and trading of exchange-traded funds (ETFs), sukuk and bonds in 2025, the bourse's CEO Mohammed Saud Al-Osaimi told reporters on Sunday.
GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 19, 2025-Economic growth across the Gulf Cooperation Council (GCC) is projected to increase in the medium-term to 3.2% in 2025 and 4.50% in 2026. This growth is likely to be driven by the expected rollback of OPEC+ oil production cuts and robust expansion of non-oil sectors.
Saudi Exchange leads market losses across the GCC
June 16, 2025--Tadawul hits 20-month low
Qatar index drops 4%
Fears of a wider regional conflict
