South Africa’s Sygnia Launches Bitcoin Fund Tied to Blackrock’s IBIT

Sygnia, a South African investment manager, has launched the Sygnia Life Bitcoin Plus Fund, which tracks Blackrock’s Ishares Bitcoin Trust exchange-traded fund (ETF).

Sidestepping South Africa’s Regulatory Hurdles

South African investment manager Sygnia has launched a product that tracks Blackrock’s Ishares Bitcoin Trust ETF (IBIT). Known as the Sygnia Life Bitcoin Plus Fund, the product, which launched on June 1, 2025, is designed to provide investors with a professionally managed avenue to add crypto to their portfolios.

According to a report, the fund uses a portable alpha strategy to generate returns that could exceed the performance of IBIT. The product is available to living annuity and retail investors through Sygnia’s online platform. Investors do not directly interact with the digital assets; the fund handles that on their behalf.

“No digital wallets, no exchange accounts — professional management handles everything while you access the digital asset revolution,” Sygnia stated.

Sygnia has previously attempted to pioneer cryptocurrency investment options in South Africa, but its proposals were rejected twice. As reported by Bitcoin.com News in 2021, the Johannesburg Stock Exchange (JSE) rebuffed Sygnia’s bid to list a bitcoin exchange-traded fund (ETF), citing the lack of a regulatory framework for cryptocurrencies.

The JSE has since indicated that a listed cryptocurrency fund, such as an ETF or an exchange-traded note (ETN), could become available by early 2026. However, Sygnia has chosen a different path to market, tying its cryptocurrency investment product to IBIT, the world’s largest spot bitcoin ETF.

While the Sygnia Life Bitcoin Plus Fund is regulated, the company has classified it as a high-risk product and has issued a stern warning about the inherent dangers of crypto investing. The fund’s returns are subject to “extreme price volatility” and the potential for “loss, theft, or compromise of private keys.” Sygnia also warned about risks from large-scale sales by major investors, security threats, and competition from central bank digital currencies. The company charges an annual management fee of 1.20% on the fund.

Source