A South African investment company has warned investors against the “stupid” decision to change its Investment from traditional securities to ‘crypto’, even though they offer a BTC Bytes traded fund (ETF).
Sygnia ltd. CEO Magda Wierzyckka said her company has actively discouraged investor From making a sudden pivot in its investment strategies to target digital assets, attracted by this year’s Bull Rally.
Page is a Johannesburg-based investment manager with R350 billion ($ 20 billion) in assets under management. In June, that Launched Life Bitcoin Plus Fund, which offers retail investors exposure to BTC via Blackrocks (Nasdaq: Blk) Ishares Bitcoin Trust ETF (Ibit). During its first month, the fund reportedly hit 12% return.
Still Wierzyckka believes that investors are not allowed to make sure digital assets as their main investments.
“We actually intervene considering the investor from doing something stupid by changing,” she told Bloomberg, adds that “crypto” should only be a “very small part of a diversified investment strategy.”
Wierzyckka revealed that the company reaches out to all investors moving to its BTC ETF to warn them of Risks of ‘crypto’ Investment.
“The underlying asset is very volatile. You must be very sure of the messages around it and you have to make sure you do not make promises that you cannot meet,” she said.
Despite the company’s safeguard measures, Sygning’s digital asset fund has been a huge success, says CEO, noting that it had registered “very, very significant inflows.”
While Sygnia warns investors towards going into digital assets, another South African company turns from its traditional small and medium -sized business financing Business model To focus on becoming a BTC tax chamber.
Alvest Capital Ltd. recently announced That it tries to collect $ 210 million to invest in BTC. As part of this pivot, it is set to change its name to Africa Bitcoin Corporation.
Alvest is listed on Johannesburg Bourse with a market value of $ 3 million. It claims to be the first public company in South Africa to turn to BTC as its primary Treasury Reserve access and takes after Michael Saylor’s Strategy (Nasdaq: mstr) and Japan’s meta plane.
“Pension funds, pension annuity, unit confidence and others can usually not directly buy bitcoin. But by purchasing our shares, they will now be able to get exposure in a regulated way through equity,” CEO Warren Wheatley mentioned.
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