Christopher Kock, president of the Swedish company Virtune, which introduced cryptocurrency ETFs in Poland, said on Invest Cuffs that he has plans to create a cryptocurrency equivalent of the S&P500 index in our country.
Cryptocurrency ETFs in Poland
At the same time, we learned about the origins of the funds that the company has been working on since July 2023.
A recent study by Kraken showed that among active investors, 30% are already investing in cryptocurrencies. If we compare these numbers with Sweden, it is only 7%. This clearly shows that there is demand, but there was a lack of regulated investment products for investors in Poland. Now that we have launched our products, Polish investors can gain exposure to cryptocurrencies for the first time through regulated channels with products listed on the local market
We believe that ETPs are the most convenient way to gain exposure to cryptocurrencies for several reasons. The first is the issue of tax reporting, because with this type of investment, tax settlement is carried out in a manner similar to investing in shares. Additionally, our products can be stored on IKE and IKZE accounts
– he added.
S&P500 cryptocurrency index on the Warsaw Stock Exchange
It is worth adding that the company plans further expansion.
A clear trend we are observing is that more and more investors are looking for diversified exposure to the cryptocurrency market, because, as we know, choosing the right stocks (stock picking) is difficult, and selecting tokens is even more difficult, if not impossible.
– said Kock.
And this, he added, inspired him and his colleagues to plan to introduce a cryptocurrency stock index in our country. It’s something like the S&P500, which gives you exposure to up to 50 digital assets, but within one instrument.
It is not known whether and when the index will launch.
