Poland’s first Bitcoin ETF has debuted on the Warsaw Stock Exchange, giving investors regulated access to the crypto market. The Bitcoin BETA ETF launched on September 16, 2025, and, according to the exchange, it tracks Bitcoin via futures listed on the Chicago Mercantile Exchange. This marks a notable step for Poland’s capital market and aligns with growing investor interest.
Futures-based structure and FX hedge
The Bitcoin BETA ETF provides exposure through CME-traded Bitcoin futures. It also incorporates a hedging strategy to reduce USD/PLN currency risk, which may help local investors manage volatility. Therefore, the structure aims to combine regulated derivatives with a domestic market wrapper, improving accessibility while maintaining oversight.
As a result, the product delivers Bitcoin-linked returns without requiring direct coin custody. Meanwhile, it remains within Poland’s supervised capital market, which can support compliance and transparency.
Exchange perspective and market context
Michał Kobza, Member of the Management Board of the Warsaw Stock Exchange, stated that the ETF enhances trading safety by enabling participation in crypto via a supervised, cleared, and transparent instrument on a regulated market.
The listing lifts the Warsaw Stock Exchange’s ETF count to 16. It also arrives during a surge in Poland’s ETF activity. Year-to-date turnover has reached PLN 1.9 billion, a 94.2% increase from the previous year, according to the exchange. Consequently, the market backdrop appears supportive for a futures-based crypto fund.
Why this matters for local investors
Key points for investors considering Poland’s first Bitcoin ETF include the following:
Regulated access to Bitcoin through a listed fund.
Exposure via CME Bitcoin futures.
USD/PLN hedge designed to limit currency risk.
For readers seeking background on futures-based crypto products, see this ETF explainer. Additionally, becoming familiar with fund structures and margining can help clarify how futures-based exposure works in practice.
Investors should review risks and costs carefully. However, this launch could broaden participation while keeping activity within familiar market rails. For a primer on digital dollar pegs and market plumbing, explore our guide on how stablecoins work. In sum, Poland’s first Bitcoin ETF offers a regulated pathway to Bitcoin-linked returns on the WSE.
