Bitcoin ETF Debuts in Warsaw
The Warsaw Stock Exchange (GPW) has officially launched its first Bitcoin-linked exchange-traded fund — Bitcoin BETA ETF. This marks a milestone for Polish investors, giving them exposure to Bitcoin without directly purchasing the cryptocurrency.
The fund, created by AgioFunds TFI, includes built-in currency hedging to offset fluctuations between the US dollar and the Polish zloty. Regulatory approval was granted by the Polish Financial Supervision Authority on June 17, 2025. The ETF tracks Bitcoin futures traded on the Chicago Mercantile Exchange (CME).
According to Michał Kobza, board member of GPW, the product addresses growing investor demand for diversification and safer access to the crypto market:
“This ETF provides exposure to Bitcoin through a regulated instrument that ensures transparency and oversight.”
Currently, 16 different ETFs are listed on GPW, with total trading volume rising 94.2% this year to reach 1.9 billion PLN.
UK FCA: New, Lighter Regulatory Framework by 2026
The UK’s Financial Conduct Authority (FCA) has unveiled plans to implement a more tailored regulatory framework for crypto firms, effective from 2026.
Key highlights include:
- Simplified rules — Core FCA principles will apply only partially, adjusted for the unique nature of cryptoassets.
- Reduced compliance burden — Requirements for management, internal systems, and controls will be less strict compared to banks and traditional investment firms.
- No “cooling-off period” — Due to high volatility, crypto investors will not be granted the right to cancel transactions after execution.
- Focus on operational resilience — Following recent hacks, FCA stressed that firms branding themselves as 24/7 services must actually deliver that reliability.
- Consumer protection — The regulator may extend “Consumer Duty” obligations to crypto companies, giving clients the right to escalate complaints to the Financial Ombudsman.
David Gill, FCA’s executive director for payments, explained:
“If risks are the same, regulation should be similar. But we must also recognize that cryptoassets are fundamentally different in many ways.”
Together, these moves highlight two major European trends: Poland is opening a regulated gateway to Bitcoin investments, while the UK is reshaping its rulebook to balance investor protection with crypto innovation.
