Sygnia, the asset management firm cofounded by Magda Wierzycka, has bemoaned the JSE’s refusal of its request to list what would have been SA’s first bitcoin-based exchange-traded fund (ETF) on the grounds that no national policy exists to guide the listing of crypto assets.

Cape Town-based Sygnia, which has about R27bn in assets invested in its ETFs, is the second-largest provider of the passive investment products in SA...

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