#bitcoin-etf

#bitcoin-etf

The Warsaw Stock Exchange (GPW) has officially listed the Bitcoin BETA ETF, giving investors in Poland their first opportunity to gain exposure to bitcoin through a regulated exchange-traded fund. The newly listed ETF, managed by AgioFunds TFI SA, is designed to provide exposure to bitcoin through futures contracts listed on the Chicago Mercantile Exchange (CME). Importantly, the fund incorporates a foreign exchange (FX) risk hedging strategy, aiming to reduce investors' exposure to fluctuations between the U.S. dollar and the Polish zloty.

The price of bitcoin briefly spiked more than $1,000 after the post claimed "The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." But soon after the initial post appeared, SEC Chairman Gary Gensler said on his personal account that the SEC's account was compromised. "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," Gensler wrote, calling the post unauthorized without providing further explanation.

"IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure."