WisdomTree Launches Physically Backed XLM ETP in Europe with 0.50% Fee

Investment firm WisdomTree has expanded its cryptocurrency offerings with the launch of a physically backed Stellar Lumens (XLM) Exchange-Traded Product across major European exchanges. The WisdomTree Physical Stellar Lumens ETP, which tracks the spot price of XLM through direct asset backing, debuted on SIX Swiss Exchange and Euronext markets in Paris and Amsterdam, with a Deutsche Börse Xetra listing scheduled for October 15. WisdomTree positions this ETP as Europe's lowest-cost physically backed lumens product with a management expense ratio of 0.50%. The vehicle represents an institutional-grade access point to Stellar's native asset, joining WisdomTree's digital asset lineup that began with a physically backed Bitcoin ETP in 2019. According to the company's announcement, Stellar operates as a high-performance Layer-1 blockchain focused on modernizing cross-border payments and tokenized asset issuance. The network utilizes the energy-efficient Stellar Consensus Protocol and introduced smart contract capabilities in 2024. WisdomTree highlighted Stellar's integration with over 69 regulated financial institutions across 170+ countries for fiat-crypto bridging. "Stellar ranks among the world's most established blockchains with a clear mission to solve real-world financial challenges in cross-border payments," stated Dovile Silenskyte, WisdomTree's Director of Digital Assets Research. "Lumens function as the essential component of the Stellar network, enabling efficient cross-currency transactions while benefiting from scarcity and monetary integrity through its fixed total supply of 50 billion tokens without inflationary issuance." At the time of reporting, XLM was trading at approximately $0.3251, reflecting a 6.4% decline over the previous 24-hour period.