Overview

• The WisdomTree Physical Stellar Lumens ETP (ticker XLMW) is live on SIX and Euronext in Paris and Amsterdam, with a Deutsche Börse Xetra listing scheduled for Oct. 15.
• The management fee is 0.50%, which WisdomTree describes as the lowest among physically backed Lumens products in Europe.
• Each share is backed by Lumens held in cold storage with custody at Swissquote Bank Ltd and Coinbase Custody Trust, and the structure excludes staking or lending.
• The product’s NAV is calculated using the CoinDesk Stellar Lumens Price Index at 16:00 London time, while multi-currency listings introduce foreign-exchange considerations.
• WisdomTree pitches the vehicle as an institutional route to Stellar’s payments-focused Layer-1, noting 2024 smart-contract support and highlighting market, operational, liquidity and custodian risks.