Swedish crypto asset manager Virtune has listed Poland’s first-ever spot crypto exchange-traded products on the Warsaw Stock Exchange (GPW). Four products went live on February 25 — Bitcoin, Ethereum, XRP, and Solana ETPs, all traded in Polish zloty (PLN). Polish investors can now buy regulated crypto exposure the same way they buy stocks.

The listing is a structural first. No physically backed spot crypto ETP had previously traded on a regulated Polish exchange. Access had largely pushed retail investors toward foreign platforms or unregulated crypto exchanges.

Poland’s brokerage account base hit approximately 2.5 million by end of 2025. ETF trading turnover on the Warsaw Stock Exchange climbed more than 100% year-on-year. That backdrop made the timing harder to ignore.

Four Products, One Historic Day on GPW

The four ETPs now trading cover the major digital assets. Virtune Bitcoin Prime ETP (ETNVIRBTCP) carries a 0.25% annual management fee. Virtune Staked Ethereum ETP (ETNVIRETH) layers staking rewards on top of ETH price exposure. Virtune XRP ETP (ETNVIRXRP) tracks XRP directly. Virtune Staked Solana ETP (ETNVIRSOL) adds roughly 3% extra annual return through staking, reflected in the daily price.

All four are 100% physically backed. Assets sit in segregated custody with Coinbase in cold storage. Chainlink Proof of Reserves provides on-chain verification of holdings. Raiffeisen Bank International AG stepped in as market maker to quote continuous buy and sell prices across all four products.

Christopher Kock, CEO of Virtune, said the Polish listing had been a priority for over two years.

“Today’s listing represents a historic milestone and an important step in the continued development of the Polish capital markets. Our ambition is to contribute to the long-term development of the Polish capital market — not only by introducing digital asset exposure, but by supporting broader participation, education and product innovation.”

XRP’s Regulated Eastern Europe Bridge

The reaction online was immediate. According to ChartNerdTA, on X:

“JUST IN! Poland Has Levelled Up Crypto Access & Virtune’s $XRP ETP (ETNVIRXRP) is now LIVE on the Warsaw Stock Exchange. This ‘Regulated Bridge’ brings $XRP to mainstream investors and institutions in Eastern Europe’s largest exchange! HUGEEE NEWS.”

BankXRP also noted the milestone, writing on X:

“$XRP ETP milestone in Poland — Virtune becomes FIRST issuer to list spot crypto ETPs on Warsaw Stock Exchange. Now live in PLN via brokers (XTB, BOS, Alior, ING+)… 100% physically backed. Coinbase Institutional cold storage. Props to @VirtuneAB & @GPW_WSExchange — regulated $XRP access expanding!”

XTB is one of the brokerage platforms through which the products are accessible. Filip Kaczmarzyk, XTB’s Head of Trading and Board Member, pointed to a shift in domestic investor behavior. Polish retail investors, particularly younger ones, had been reaching for crypto exposure for years. The problem was infrastructure.

“Until recently, gaining exposure to this asset class often required the use of foreign platforms or less established crypto exchanges. This is now changing.”

Michał Kobza, Member of the Management Board at the Warsaw Stock Exchange, connected the listing to the exchange’s broader product development.

“This segment is growing dynamically due to strong investor interest, and our role as the WSE is to respond to market expectations — enabling investors to access crypto-assets through regulated and supervised exchange-traded instruments provides them with real value.”

Virtune currently manages around USD 260 million in assets, serves more than 160,000 investors, and holds 22 listed ETPs across six regulated European exchanges. Those include Nasdaq Stockholm, Nasdaq Helsinki, Euronext Amsterdam, Euronext Paris, and Xetra in Frankfurt. In 2025, the firm held approximately 95% of crypto ETN trading volume on Nasdaq Nordics. Additional products for the Polish market are expected before the end of 2026.