Degen

Max Stuedlein, head of digital solutions at Swiss bank Sygnum, criticized the limitations of cryptocurrency exchange-traded funds (ETFs) at the Consensus Hong Kong conference.

He said that limited trading hours, reduced liquidity and the loss of 24/7 access to trading, which are the main attractive features of cryptocurrencies, are among the disadvantages of these funds.

This is while Bitcoin (BTC) and Ethereum (ETH) ETFs have attracted $110 billion and $10.37 billion in capital, respectively.

Stuedlein stressed that instead of trying to incorporate digital assets into traditional structures, it is necessary to focus on the core benefits of these assets.