South Africa firms rushing to list first digital currency ETF in Africa
Business
South African firms are in advanced stages of applying for the first digital currency exchange-traded fund (ETF) in Africa. According to local reports, two local firms are set to lodge their applications with the Johannesburg Stock Exchange, which has rejected such an application in the past.
One of the firms seeking to list the first digital currency ETF on the JSE is DCX Capital. In a recent podcast, co-founder Earle Loxton claimed that plans are afoot to launch the first ETF in Africa’s second-largest economy. The firm is set to apply for the ETF with JSE ‘very soon,’ he revealed.