TL;DR
New Product: WisdomTree has listed an ETP that offers direct exposure to the price movements of Stellar (XLM).
Physically Backed: Each share of the ETP is backed 1-to-1 by the real cryptocurrency, held in secure custody.
European Availability: The product is already listed on exchanges such as Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext.
The global manager of exchange-traded funds (ETFs) and exchange-traded products (ETPs), WisdomTree, has announced a broad expansion of its range of cryptocurrency products with the launch of a new ETP focused on Stellar (XLM).
The strategic move offers institutional and retail investors in Europe a regulated, secure, and low-cost way to access the performance of one of the most established blockchain networks in the ecosystem.
The product, named WisdomTree Physical Stellar (XLMW), stands out for being physically backed. This means that for each share of the ETP issued, the company holds an equivalent amount of real XLM tokens, which are custodied by institutional-grade depositaries.
This mechanism provides an additional layer of security and transparency for investors, differentiating it from products based on synthetic derivatives.
Simplified Access to Digital Assets
The introduction of this physically backed Stellar ETP responds to the growing demand from investors to diversify their portfolios with digital assets through traditional and regulated investment vehicles.
By listing on major European exchanges such as Germany’s Deutsche Börse Xetra, the SIX Swiss Exchange in Switzerland, and the Euronext exchanges in Paris and Amsterdam, WisdomTree greatly facilitates access to Stellar without the need for investors to directly manage private keys or interact with cryptocurrency exchanges.
With a competitive total expense ratio (TER) of 0.95%, XLMW is positioned as an attractive option within the crypto ETP market.
Alexis Marinof, Head of Europe at WisdomTree, indicated that this launch reinforces the firm’s commitment to offering one of the most comprehensive and secure ranges of crypto-asset products.
The addition of this physically backed Stellar ETP to its offering, which already includes products for Bitcoin, Ethereum, and other altcoins, consolidates WisdomTree as a leader in building bridges between traditional finance and the digital economy.
