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The Warsaw Stock Exchange (GPW) has officially listed the Bitcoin BETA ETF, providing investors in Poland their initial chance to gain exposure to bitcoin via a regulated exchange-traded fund.
The recently listed ETF, overseen by AgioFunds TFI SA, is crafted to provide exposure to bitcoin through futures contracts available on the Chicago Mercantile Exchange (CME). Notably, the fund implements a foreign exchange (FX) risk management strategy, aimed at decreasing investors’ exposure to shifts between the U.S. dollar and the Polish zloty. This makes it the first ETF on GPW to present cryptocurrency exposure while managing currency volatility.
“GPW responds to investors’ demands and aligns with the trend of diversifying asset types available on public markets,” remarked Michał Kobza, Member of the Management Board of the Warsaw Stock Exchange. “Equally significant, providing access to bitcoin through an ETF listed on GPW enhances trading safety as investors can engage in the cryptocurrency market utilizing an instrument that is supervised, cleared, and adheres to the transparency standards relevant to a regulated capital market.”
The ETF prospectus attained approval from the Polish Financial Supervision Authority (KNF) on June 17, 2025. This approval granted AgioFunds TFI authorization to issue both Series A and B investment certificates. To ensure market liquidity, Dom Maklerski Banku Ochrony Ĺšrodowiska S.A. has been designated as the market maker.
“Less than a month following our latest listing, we are launching another ETF offering access to the world’s largest cryptocurrency in a regulated and efficient manner,” declared Kazimierz Szpak, CEO of BETA TFI SA and BETA ETF Asset Manager at AgioFunds TFI SA. “The ETF is our answer to the increasing demand from investors for novel asset classes. I am confident that the Bitcoin BETA ETF will satisfy market expectations and be welcomed by investors.”
The launch of the Bitcoin BETA ETF elevates the total number of ETFs listed on the Warsaw Stock Exchange to sixteen. These encompass funds tracking Polish indices such as WIG20, mWIG40, and sWIG80, along with international benchmarks like the S&P 500, Nasdaq-100, and DAX. The exchange also presents sector ETFs, leveraged ETFs, and inverse ETFs.
ETF adoption in Poland has surged rapidly. According to GPW data, the turnover in ETFs has reached PLN 1.9 billion year-to-date, reflecting a 94.2% increase compared to the same period last year.
By launching its first Bitcoin ETF, GPW aligns with global capital markets that have already embraced Bitcoin-based instruments. The listing represents an escalating demand from institutional and retail investors seeking regulated avenues to access bitcoin as an asset class, while simultaneously enhancing Poland’s status in the swiftly evolving ETF landscape.
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