Warsaw Stock Exchange Introduces Bitcoin ETF with FX Hedging, Providing Regulated Access to Cryptocurrency

The Warsaw Stock Exchange (GPW) has debuted its inaugural

exchange-traded fund (ETF), called the Bitcoin BETA ETF, representing a notable advancement for Poland’s financial sector Bitcoin Magazine [ 1 ]. Overseen by AgioFunds TFI SA, this ETF gives investors regulated access to Bitcoin via futures contracts traded on the Chicago Mercantile Exchange (CME), without involving direct Bitcoin purchases FX Leaders [ 2 ]. A standout aspect of the fund is its foreign exchange (FX) hedging approach, which helps shield investors from currency shifts between the U.S. dollar and the Polish zloty (PLN) through the use of forward contracts The Crypto Basic [ 3 ]. This design makes the Bitcoin BETA ETF the first on the GPW to merge cryptocurrency market participation with currency risk controls HODL FM [ 4 ].

Poland’s Financial Supervision Authority (KNF) approved the ETF’s prospectus on June 17, 2025, allowing for the creation of two investment certificate series (A and B). Dom Maklerski Banku Ochrony Środowiska S.A. serves as the market maker to support liquidity Warsaw Post [ 5 ]. Representatives from GPW highlighted how the ETF meets investor demand for a broader range of asset classes and contributes to market stability by offering a regulated and transparent way to gain crypto exposure Bitcoin Magazine [ 6 ]. Kazimierz Szpak, the CEO of BETA TFI SA, remarked that introducing this ETF demonstrates increasing interest in regulated digital asset products and expressed optimism about its market reception FX Leaders [ 7 ].

This addition brings GPW’s ETF offerings to 16, now covering local indices like WIG20 as well as international measures such as the S&P 500 and Nasdaq-100. Total ETF trading volume on the GPW has hit PLN 1.9 billion so far this year, a 94.2% jump from the same timeframe in 2024 HODL FM [ 8 ]. This surge reflects a worldwide pattern where both institutional and retail investors are gravitating towards regulated digital asset vehicles. The Bitcoin BETA ETF now stands alongside similar products available in markets including the U.S., Canada, Germany, Switzerland, Brazil, and Australia, highlighting the ongoing development of the crypto ETF sector Warsaw Post [ 9 ].

Internationally, more than 90 filings for crypto ETFs and exchange-traded products (ETPs) are under review, with a growing emphasis on alternatives to Bitcoin and Ethereum FX Leaders [ 10 ]. New regulatory actions, such as the U.S. Securities and Exchange Commission (SEC) granting approval for generic listing standards for commodity-based trust shares, are likely to drive faster adoption. Eric Balchunas, an ETF analyst at Bloomberg, suggested that these regulatory changes could triple the number of ETF launches, potentially resulting in over 100 crypto ETFs within the next year Bloomberg ETF Analyst Eric Balchunas [ 11 ].

For investors in Poland, the Bitcoin BETA ETF presents a supervised alternative to unregulated crypto exchanges, supporting broader moves to integrate digital assets with mainstream finance. Although the product involves risks related to Bitcoin’s price swings and futures contract strategies, it offers a clear and regulated way to participate. The launch of this ETF emphasizes GPW’s commitment to expanding access to innovative financial tools and solidifies Poland’s standing in the dynamic global ETF arena The Crypto Basic [ 12 ].