Industry Updates

HANetf to list the first ETC on Warsaw Stock Exchange

RMAU will be the first gold ETC available to Polish retail investors

Jamie Gordon

Fine gold bar

White-label ETF issuer HANetf will list its Royal Mint gold product on the Warsaw Stock Exchange (GPW) as the first exchange-traded commodity (ETC) to trade on the venue.

The $842m Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) will list on GPW on 30 August to become the exchange’s first gold product to offer physical redemption of the underlying asset.

Izabela Olszewska, member of the management board of GPW, commented: “As GPW, we aim to offer Polish investors the opportunity of building a passive investment portfolio providing broad geographic and thematic exposure using transparent exchange-traded investment products with low management fees.

“ETCs serve that function by complementing the offering with assets to which ETFs do not offer exposure due to regulatory restrictions.  

“We are delighted to work with an issuer of the first ETC on GPW which is based on an asset that is very popular among Polish investors. said Izabela Olszewska, Member of the Management Board of the Warsaw Stock Exchange.”

Nik Bienkowski, co-founder and co-CEO of HANetf, added: “We are also very proud to have worked closely with GPW to introduce the first ETC to be listed in Poland.

“The first ETC was listed in Europe in 2002 and ETCs now make up approximately 40% of all ETPs listed in Europe.”

In March, RMAU performed its first physical delivery since launching in 2020 after investing platform Wahed converted some of its shares into a one-ounce gold bar.

Last year, HANetf renamed RMAU after it became the world’s first ETC to be backed by recycled gold. The product had already retroactively swapped out all 60 bars sourced from Russian gold.