WisdomTree has launched an exchange-traded product backed by Stellar Lumens (XLM) across several European locations, setting the management fee ratio at 0.50%, according to a press release the asset manager shared with CoinDesk on Tuesday.
Called the WisdomTree Physical Stellar Lumens ETP, the product provides exposure to the spot price of lumens through a physically supported structure.
The ETP is listed on the SIX Swiss Exchange and Euronext in Paris and Amsterdam upon launch, with listing on Deutsche Börse Xetra scheduled for October 15. WisdomTree described the 0.50% fee as the cheapest physically supported lumen ETP in Europe; CoinDesk has not independently verified competing fee levels.
The company is positioning 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 tokenized asset issuance. The release 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 highlights integrations with more than 69 regulated financial institutions in over 170 countries for fiat-crypto bridging.
“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 are the lifeblood of the Stellar network, facilitating efficient cross-currency transactions and, with a fixed total supply of 50 billion and no inflationary issuance, it benefits from scarcity and monetary integrity,” said Dovile 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% over the past 24 hours.
