South African Fund Manager Urges Caution on Bitcoin ETF

South Africa-based Sygnia Ltd. , a $20 billion asset management firm, advises investors to limit their exposure to Bitcoin, despite robust inflows into its new crypto fund. Sygnia launched its Bitcoin ETF, the Sygnia Life Bitcoin Plus fund, in June. The firm has explicitly recommended that clients allocate no more than 5% of their discretionary or retirement annuity assets to the fund, which tracks the iShares Bitcoin Trust ETF source: https://beincrypto.com/south-african-fund-manager-urges-caution-on-bitcoin-etf/