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    Home»Regulation»Sygnia Advises Caution Regarding Bitcoin ETF Investments in South Africa
    Regulation

    Sygnia Advises Caution Regarding Bitcoin ETF Investments in South Africa

    Ethan CarterBy Ethan CarterSeptember 23, 2025No Comments3 Mins Read
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    A $20 billion South African asset management firm has cautioned its investors against allocating excessive funds to their Bitcoin exchange-traded fund (ETF) because of its price fluctuations.

    During a Monday interview, Magda Wierzycka, CEO of Sygnia, stated on Bloomberg TV that the firm would intervene to prevent clients from shifting too large a share of their portfolio into its ETF, Sygnia Life Bitcoin Plus, which is benchmarked to BlackRock’s iShares Bitcoin Trust.

    Nevertheless, she later recognized that Bitcoin could be evolving into a long-term investment.

    Wierzycka mentioned that the main concern for Sygnia, the second largest multi-manager in South Africa, is the volatility associated with Bitcoin’s price.

    “The underlying asset is highly volatile. You need to be very sure about the messaging around it and you need to be sure that you don’t make promises that you can’t meet.”

    According to the firm’s fact sheet, it also recommends that investments in the Bitcoin vehicle should not exceed 5% of discretionary assets or retirement annuities.

    Data, Bitcoin ETF
    Sygnia CEO Magda Wierzycka mentioned the company’s intervention to ensure clients don’t concentrate too much of their portfolio into its ETF. Source: Bloomberg

    In the last 24 hours, Bitcoin has oscillated between $111,644 and $114,548 per coin, with its seven-day range transitioning between $111,933 and $117,851, as per CoinGecko.

    Sygnia plans to expand crypto ETF offerings

    The Life Bitcoin Plus fund from Sygnia was introduced in June, and it does not allow direct Bitcoin holdings.

    Wierzycka indicated that the ETF has experienced “very, very significant” inflows and considerable interest, but did not reveal specific figures.