Learn how Digital Currency ETFs impact the benefits of digital currencies. Find out more about the challenges discussed by Sygnum's Max Stuedlein.
Max Stuedlein, the Head of Digital Solutions at Sygnum Bank in Switzerland, criticized the limitations of Digital Currency Exchange-Traded Funds (ETFs) at the Consensus conference in Hong Kong. According to him, the trading hour restrictions, reduced liquidity, and the loss of 24/7 access to trading, which are key attractive features of digital currencies, are considered drawbacks of these funds. This is despite Bitcoin (BTC) and Ethereum (ETH) ETFs attracting $110 billion and $10.37 billion in capital, respectively. Stuedlein emphasized focusing on the primary advantages of these assets instead of trying to fit digital assets into traditional structures.
