- WisdomTree launches a physically backed Stellar Lumens ETP (ticker XLMW) for European investors.
- Listed on SIX and Euronext; Xetra listing set for October 15, 2025; MER of 0.50%.
- Product targets spot exposure to Lumens (XLM) via an institutional-grade structure.
- Stellar is a Layer-1 network focused on cross-border payments, tokenization and low-cost transfers.
WisdomTree has introduced a new exchange-traded product that provides European investors with direct, physically backed exposure to Stellar’s native token, Lumens (XLM). Rather than tracking futures, the instrument is designed to mirror the spot price of XLM through a robust, institutional-grade setup.
The ETP, named WisdomTree Physical Stellar Lumens (ticker XLMW), is already trading on SIX Swiss Exchange and Euronext (Paris and Amsterdam), with a planned debut on Deutsche Börse Xetra on October 15, 2025. It is available in multiple trading currencies, including USD, CHF and EUR, and carries the ISIN GB00BN7K9C82.
Product overview
Built to deliver streamlined access to Stellar, the vehicle seeks to provide transparent and efficient exposure to the price dynamics of Lumens while maintaining the safeguards typical of institutional products. WisdomTree positions this structure as physically backed, aiming to align holdings with on-chain assets and improve investor confidence.
Company executives emphasize an approach anchored in security, transparency and product structuring. They note that this launch extends WisdomTree’s crypto ETP range for Europe, reflecting continued demand from clients looking for regulated, exchange-listed routes into digital assets without the operational overhead of direct token custody.
Listings, fees and identifiers
The ETP trades on SIX and Euronext, and is scheduled to join Xetra on October 15, 2025. Investors can access the product in USD, CHF and EUR under ISIN GB00BN7K9C82, with the trading ticker XLMW. WisdomTree states the management expense ratio is 0.50%, a level billed by the firm as the most cost-competitive in its European peer group.
By combining physical backing with a streamlined fee, the issuer aims to broaden access to Stellar’s native asset for both retail and professional market participants on major European exchanges.
Stellar and Lumens (XLM): what to know
Stellar is a Layer-1 network built to modernize global finance, focusing on cross-border payments, remittances and tokenization of real-world assets. Since its 2014 launch, Stellar has grown into a globally distributed network supporting essential financial use cases at low cost.
Consensus on the network is achieved via the Stellar Consensus Protocol (SCP), which relies on federated voting among publicly identifiable validators. This model removes the need for monetary validator incentives and targets near-instant settlement, high throughput and a low environmental footprint.
Functionality expanded in 2024 with the rollout of Stellar smart contracts, opening the door to richer decentralized applications and more sophisticated financial primitives. This upgrade complements the network’s core strengths in fast, low-cost transfers.
According to the issuer, more than 69 regulated financial institutions across over 170 countries have integrated with Stellar, creating extensive fiat–crypto connectivity. This footprint underpins use cases that span remittances, treasury flows and asset issuance.
Economically, Lumens serve as the network’s utility token. With a fixed supply of 50 billion and no inflationary issuance, XLM is framed as benefiting from supply scarcity. WisdomTree also cites an approximate $11 billion market capitalization, placing XLM among the largest crypto assets by value.
Commentary from WisdomTree’s digital asset research leadership underscores Stellar’s practical orientation toward solving real payment frictions and enabling efficient currency transfers—a focus they see as core to the network’s long-term relevance.
WisdomTree’s broader digital asset lineup
WisdomTree entered the physically backed crypto ETP segment in 2019 with a Bitcoin product and has since grown its offering to 11 physically backed digital asset ETPs. The firm reports managing over $2 billion across this range, which spans single-asset exposures and diversified baskets.
Beyond Stellar, the lineup includes access to bitcoin, ether and multi-asset strategies such as the WisdomTree Physical CoinDesk 20 ETP. The company highlights client demand for regulated vehicles that combine ease of access with institutional-grade structures.
Investor angle
For investors seeking exchange-based access to Stellar, this ETP offers a familiar route with physical backing, exchange listings across key European venues and a fee profile positioned as highly competitive. It is intended to simplify portfolio implementation while reducing operational complexity relative to direct token handling.
As with all digital assets, prospective buyers should be mindful of market volatility and regulatory considerations. While the product structure is designed for institutional standards, price movements in crypto markets can be swift and significant.
With a physically backed design, a 0.50% MER and listings on major European exchanges, the new WisdomTree ETP brings a consolidated pathway to Stellar’s ecosystem—combining broad market access, institutional form factors and a network focused on fast, low-cost cross-border payments.
