When the ETFs are debated. THE ETF Bitcoin and Ether undoubtedly marked a turning point in the institutional adoption of cryptocurrencies. However, according to Sygnn Bankthese funds could also represent an obstacle to the fundamental advantages of the crypto. Indeed, “regular” market hours and the limitations inherent in ETF could harm the intrinsic value of digital assets.
The key points of this article:
The ETF Bitcoin and Ethereum represented a historic turning point in the institutional adoption of cryptocurrencies. Sygnum Bank said that these funds could compromise the unique advantages of cryptocurrencies by enclosing them in traditional structures.
ETF: A golden cage for crypto?
THE ETF Bitcoin et ETF Etheless have attracted billions of dollars to cryptocurrencies. However, according to Max Stuedlein of Sygnum Bank, these investment vehicles could » destroy interest For cryptos by enclosing them in a traditional structure. THE limited trading hoursthe reduced liquidity and the Loss of accessibility 24/7 are all characteristics that distance ETF from the initial advantages of cryptocurrencies.
A different vision of the future of crypto
Sygnum Bank, the first digital asset bank regulated by Finma Switzerland, thus sees a increasing strategic division Between institutions specializing in crypto and actors in traditional finance. While the latter flood the market with ETF products, Sygnum prefers to focus on creating services based on digital assets themselves.
“It is a question of building products and services on digital assets, because this is where the value will come. »»
Although the ETF has accumulated billions of dollars, Sygnum maintains that these funds compromise the unique characteristics of the crypto. Instead, the Swiss Bank advocates an approach focused on the fundamental advantages of cryptocurrencies, such as decentralization and constant accessibility. While the ETFs continue to dominate discussions on crypto investment, actors and Sygnum recall that real innovation lies in the intrinsic characteristics of digital assets. The question remains open: are the ETFs a blessing or a curse for the future of the crypto?