Warsaw Stock Exchange debuts Bitcoin Beta etf to expand crypto market access

The Warsaw Stock Exchange (GPW) officially lists the Bitcoin Beta ETF, giving Polish investors the first opportunity to be exposed to Bitcoin through a regulated exchange trading fund.

The newly listed ETFs managed by Agiofunds TFI SA are designed to provide exposure to Bitcoin through futures contracts listed in the Chicago Mercantile Exchange (CME). Importantly, the fund incorporates a Forex (FX) risk hedging strategy, aiming to reduce investor exposure to fluctuations between the US dollar and Polish Zloti. This will become the first ETF of GPW to provide cryptocurrency exposure while managing currency volatility.

“GPW follows the trend of addressing investors’ expectations and diversifying the asset classes available in the public market,” says Michał Kobza, a member of the Warsaw Stock Exchange’s Management Committee. “Equally importantly, providing Bitcoin exposure via ETFs listed in the GPW increases trading security as investors oversee and clear transparency standards applied to regulated capital markets and use equipment that covers them to allow investors to participate in the cryptocurrency market.”

The ETF’s prospectus was approved by the Polish Financial Supervisory Authority (KNF) on June 17, 2025. Authorization granted AGIOFUNDS TFI permission to issue both Series A and B investment certificates. To ensure liquidity, Dom Maklerski Banku OchronyśrodowiskaSa has been designated as a market maker.

“Lower than a month after our latest new listing, we are introducing another ETF that provides exposure to the world’s largest cryptocurrency in a regulated and effective way,” said Kazimierz Szpak, CEO of Beta TFI SA and Beta ETF Asset Manager at Agiofunds TFI SA. “ETFs are our response to growing demand from investors for new asset classes. I think Bitcoin Beta ETFs will meet market expectations and will be welcomed by investors.”

With the launch of the Bitcoin Beta ETF, the total number of ETFs listed on the Warsaw Stock Exchange is 16. These include funds to track Polish indexes such as the WIG20, MWIG40, and SWIG80, as well as international benchmarks such as the S&P 500, Nasdaq-100, and Dax. The exchange also offers sector ETFs, leveraged ETFs, and reverse ETFs.

ETF adoption in Poland is growing rapidly. According to GPW data, ETF sales reached PLN 1.9 billion per year, representing a 94.2% increase compared to the same period last year.

By listing the first Bitcoin ETFs, GPW is taking part in a global capital market that already employs Bitcoin-based products. The listing reflects an increasing demand from institutional and retail investors seeking a regulated route to access Bitcoin as an asset class, but strengthens Poland’s position in the rapidly evolving ETF landscape.