WisdomTree Launches Low-Cost Stellar Lumens ETP in Europe

  • WisdomTree launched a physically backed exchange-traded product (ETP) for Stellar Lumens (XLM) with a management expense ratio of 0.50%.
  • The WisdomTree Physical Stellar Lumens ETP is available on the SIX Swiss Exchange, Euronext in Paris and Amsterdam, with a planned listing on Deutsche Börse Xetra on October 15.
  • This ETP offers exposure to Stellar Lumens' spot price using a physically-backed structure and is positioned as an institutional-grade investment option.
  • Stellar is characterized as a high-performance Layer-1 blockchain focusing on cross-border payments and tokenized-asset issuance.
  • The network uses the Stellar Consensus Protocol, which is energy-efficient and utilizes federated voting by publicly identifiable validators.
  • Integrations exist with over 69 regulated financial institutions across more than 170 countries for fiat–crypto bridging.
  • XLM's total supply is fixed at 50 billion, with no inflationary issuance, contributing to its scarcity and monetary integrity.
  • As of the latest data, XLM traded at approximately $0.3251, reflecting a 6.4% decrease over the past 24 hours. Learn more about XLM.