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GPW SABeta ETF Bitcoin debuts on WSE
The BETA ETF Bitcoin fund made its debut on the Warsaw Stock Exchange on Tuesday. The fund will operate under Polish law, and exposure to the bitcoin cryptocurrency will be through futures.
The fund will follow a currency risk hedging strategy, thanks to which investors will be less exposed to USD/PLN exchange rate risk. The management fee will amount to 0.70 percent per year.
BETA ETF is a brand of investment funds created in cooperation between BETA mutual funds and AgioFunds mutual funds. The market maker and coordinator of the offer is the DM BOS brokerage.
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