WisdomTree has launched a physically backed exchange-traded product pegged to stellar lumens (XLM) in several European locations, setting the management expense ratio at 0.50%, according to a press release the asset manager shared with CoinDesk on Tuesday.
Called WisdomTree Physical Stellar Lumens ETP, the product provides exposure to the spot price of lumens through a physically backed structure.
The ETP was listed on the SIX Swiss Exchange and Euronext in Paris and Amsterdam at launch, with a listing on Deutsche Börse Xetra planned for October 15. WisdomTree described the 0.50% fee as the lowest-cost physically backed lumens ETP in Europe; CoinDesk has not independently verified competitor fee levels.
The firm positions the vehicle as an institutional-grade route to Stellar’s native asset and says it joins a lineup that began in 2019 with a physically backed bitcoin ETP.
On the network, WisdomTree characterizes Stellar as a high-performance Layer 1 aimed at modernizing cross-border payments and the issuance of tokenized assets. The statement highlights the Stellar Consensus Protocol, described as energy efficient and based on federated voting by publicly identifiable validators, and notes that smart contracts were introduced in 2024. The company also notes integrations with more than 69 regulated financial institutions in more than 170 countries to bridge fiat and crypto.
“Stellar is one of the most established blockchains in the world, with a clear focus on solving real-world problems in cross-border payments and finance. Lumens serves as the lifeblood of the Stellar network, facilitating efficient cross-currency transactions and, with a total fixed supply of 50 billion and no inflationary emissions, benefits from scarcity and monetary integrity,” Dovile said Silenskyte, Director of Digital Asset Research at Tree of Wisdom.
At press time, according to CoinDesk Data, XLM was trading around $0.3251, down 6.4% in the last 24 hours.
