The first bitcoin ETF has been launched in Poland.

The Warsaw Stock Exchange offers the first bitcoin ETF in the country.
This step is seen as a positive signal for the local cryptocurrency market.
The Warsaw Stock Exchange (GPW) has launched the first cryptocurrency Bitcoin ETF in history — Bitcoin BETA-ETF. According to the official statement from GPW, the BETA-ETF does not invest directly in Bitcoin but earns profits through futures contracts traded on the Chicago Mercantile Exchange (CME). To reduce currency risks, the fund employs a hedging strategy using forward contracts, protecting investors from fluctuations in the USD/PLN exchange rate.
Developed by AgioFunds TFI, the ETF was approved by the Polish Financial Supervision Authority in June 2025 and is supported by Dom Maklerski Banku Ochrony Środowiska S.A. as a market maker. Michal Kobza, a board member of the Warsaw Stock Exchange, noted:

"The offer of access to Bitcoin through an ETF listed on GPW enhances the safety of trading, as investors can participate in the cryptocurrency market using an instrument that is regulated, cleared, and meets the transparency standards applicable to the regulated capital market."
The current landscape of crypto-ETF
Bitcoin ETFs have already gained popularity on major exchanges worldwide, including Nasdaq, NYSE, and Cboe in the USA, where a wave of spot Bitcoin ETFs was approved in early 2024. Similar products are available on other platforms — the Toronto Stock Exchange in Canada, the German Xetra, the Swiss SIX Exchange, the Brazilian B3, and Cboe Australia. These ETFs offer various structures: from spot products backed by physical assets to futures funds, similar to the one that was listed on GPW.
In addition to Bitcoin, interest in ETFs for altcoins is growing. According to Bloomberg, more than 90 applications for ETFs and ETPs related to cryptocurrencies have been submitted, with an increasing number of applications focused on altcoins.