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One of South Africa’s richest women gives warning about Bitcoin | SA News


Sygnia, which started a Bitcoin exchange-traded fund in June, says it will dissuade investors from switching all their assets into the high-risk crypto fund.

The Sygnia Life Bitcoin Plus fund uses the iShares Bitcoin Trust ETF as the benchmark, according to a fact-sheet on the asset manager’s website.

Bitcoin, which has jumped 82% in the past 12 months, fell 2.3% to $112,735.12 as of 10:18 in Johannesburg. 

The world’s biggest cryptocurrency is prone to wild swings even though volatility has dropped to about 40%…

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