South African asset manager Sygnia Ltd. advises limiting crypto exposure to 5% of a portfolio due to Bitcoin’s volatility, especially in emerging markets like South Africa. The firm actively discourages full portfolio switches into its Bitcoin ETF. Sygnia’s CEO emphasizes the need for caution and diversification in investing. Bitcoin ETPs hold over 1.47 million BTC, with U.S.-based ETFs dominating. BlackRock’s IBIT leads with 746,810 BTC. Momentum may be cooling as Bitcoin ETPs saw $301 million in outflows in August, while Ethereum funds attracted $3.95 billion. The SEC is reviewing 92 crypto ETF applications, with many facing final decisions by October. The wave of new applications reflects growing interest in altcoin-focused ETFs.

Read more at Yahoo Finance: South Africa’s Sygnia Warns Investors Against Going All-In on Bitcoin ETF