The Warsaw Stock Exchange (GPW) has launched Poland's first Bitcoin-focused exchange-traded fund, the Bitcoin BETA ETF, marking a significant milestone for the country's financial market. The fund, managed by AgioFunds TFI SA, provides regulated exposure to Bitcoin through futures contracts traded on the Chicago Mercantile Exchange (CME) rather than direct spot Bitcoin ownership.
The Polish Financial Supervision Authority (KNF) approved the ETF prospectus on June 17, 2025, with Dom Maklerski Banku Ochrony Środowiska S.A. (BOŚ) serving as the market maker to ensure liquidity and orderly trading. A key feature of this ETF is its built-in FX hedging mechanism, which uses forward contracts to mitigate currency risk between the US dollar and Polish zloty, reducing currency drag for local investors.
The Bitcoin BETA ETF joins approximately 16 other ETFs on the Warsaw exchange, which have seen remarkable growth with PLN 1.9 billion in turnover so far this year - a 94.2% increase compared to the previous year. The fund offers Polish retail and institutional investors a regulated pathway to Bitcoin exposure through their existing brokerage accounts, eliminating the need for direct cryptocurrency custody.
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