Warsaw Stock Exchange Debuts Bitcoin BETA ETF, Expanding Crypto Market Access

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The Warsaw Stock Exchange (GPW) has made a significant move by officially listing the Bitcoin BETA ETF, allowing investors in Poland the opportunity to gain exposure to bitcoin through a regulated exchange-traded fund. This marks a milestone for the Polish market, as it is the first time investors in the country will have access to a bitcoin ETF.

Managed by AgioFunds TFI SA, the newly listed ETF is designed to provide exposure to bitcoin through futures contracts listed on the Chicago Mercantile Exchange (CME). What sets this fund apart is its incorporation of a foreign exchange (FX) risk hedging strategy, which aims to mitigate investors’ exposure to fluctuations between the U.S. dollar and the Polish zloty. This unique feature makes it the first ETF on GPW to offer cryptocurrency exposure while managing currency volatility.

Michał Kobza, Member of the Management Board of the Warsaw Stock Exchange, emphasized the importance of diversifying asset classes available on the public market. He stated, “Offering exposure to bitcoin through an ETF listed on GPW increases safety of trading as investors can participate in the cryptocurrency market using an instrument which is supervised, cleared, and subject to the transparency standards applicable to a regulated capital market.”

The ETF prospectus was approved by the Polish Financial Supervision Authority (KNF) on June 17, 2025, granting AgioFunds TFI permission to issue both Series A and B investment certificates. Dom Maklerski Banku Ochrony Środowiska S.A. has been designated as the market maker to ensure liquidity for the ETF.

Kazimierz Szpak, CEO of BETA TFI SA and BETA ETF Asset Manager at AgioFunds TFI SA, expressed his optimism about the launch of the Bitcoin BETA ETF. He believes that the ETF will meet market expectations and be well-received by investors seeking exposure to new asset classes.

The listing of the Bitcoin BETA ETF brings the total number of ETFs listed on the Warsaw Stock Exchange to sixteen, including funds tracking Polish indices and international benchmarks. ETF adoption in Poland has been on the rise, with turnover in ETFs reaching PLN 1.9 billion year-to-date, a significant increase compared to the previous year.

By listing its first Bitcoin ETF, GPW aligns itself with global capital markets that have already embraced bitcoin-based products. This move reflects the growing demand from institutional and retail investors for regulated pathways to access bitcoin as an asset class. It also solidifies Poland’s position in the rapidly evolving ETF landscape.

Overall, the listing of the Bitcoin BETA ETF on the Warsaw Stock Exchange represents a significant step forward for the Polish market and provides investors with a new avenue to gain exposure to bitcoin through a regulated and transparent investment vehicle.