Asset management firm WisdomTree has launched a new physically backed exchange-traded product (ETP) for Stellar Lumens (XLM), extending its suite of digital asset offerings across Europe.
The product, named WisdomTree Physical Stellar Lumens ETP, provides investors with direct exposure to the spot price of Stellar’s native token through a fully collateralized structure.
Expanding Institutional Access to Stellar
According to a company announcement shared with CoinDesk on Tuesday, the ETP debuted on the SIX Swiss Exchange as well as Euronext Paris and Amsterdam, with a Deutsche Börse Xetra listing scheduled for October 15. The fund carries a management expense ratio (MER) of 0.50%, which WisdomTree says is the lowest cost among physically backed lumens ETPs in Europe.
The product is designed for institutional and professional investors seeking transparent, regulated access to XLM without having to manage private keys or custody solutions directly. Each share of the ETP is physically backed by the underlying lumens, held in secure, regulated custody accounts.
Continuing a Crypto Integration Strategy
WisdomTree has steadily expanded its digital asset portfolio since introducing its first physically backed Bitcoin ETP in 2019. The launch of the Stellar ETP represents the firm’s latest effort to bridge traditional finance with blockchain-based assets by offering institutional-grade exposure under existing market regulations.
The move also underscores growing interest among asset managers in diversifying beyond Bitcoin and Ethereum into alternative Layer 1 ecosystems such as Stellar, known for its focus on cross-border payments and tokenized asset infrastructure.
By entering the Stellar market, WisdomTree is positioning itself at the forefront of Europe’s evolving crypto ETP landscape, where competition among issuers continues to intensify as institutional adoption accelerates.
