- WisdomTree launches low-cost, physically backed Stellar Lumens ETP.
- The ETP under the ticker XLMW is listed on SIX, Euronext, and will soon list on Germany’s Xetra exchange.
- The ETP’s custody is held at Swissquote and Coinbase, with no staking or lending.
Global asset manager WisdomTree has launched a new physically backed exchange-traded product (ETP) tied to Stellar Lumens (XLM), marking a significant step in the company’s expansion beyond Bitcoin and Ethereum investment products.
The move strengthens WisdomTree’s position as one of Europe’s leading providers of institutional-grade crypto investment vehicles and signals growing institutional interest in blockchain networks beyond the market’s largest digital assets.
The ETP expands institutional access to Stellar (XLM)
The new product, officially named WisdomTree Physical Stellar Lumens ETP (ticker: XLMW), offers investors regulated, transparent, and cost-efficient access to Stellar Lumens.
The ETP carries an annual management fee of 0.50%, which WisdomTree says is the lowest among physically backed Lumens products available in Europe.
It is listed on multiple major exchanges, including the Swiss SIX Exchange, Euronext Paris, and Euronext Amsterdam, and will debut on Germany’s Xetra on October 15.
Each share of the ETP is backed by physical Lumens held in cold storage, with custody managed by Swissquote Bank Ltd and Coinbase Custody Trust.
The product’s structure mirrors that of traditional commodity ETPs, providing price exposure to XLM without involving staking or coin lending.
This means investors gain from price movements of Lumens, minus the 0.50% management fee, but are not exposed to the additional risks associated with validator operations or yield-based products.
Risks and market considerations
While the XLMW launch broadens institutional access to the Stellar ecosystem, WisdomTree has been transparent about potential risks.
WisdomTree has highlighted factors such as Stellar’s inherent volatility, technical disruptions, exchange liquidity, and custodian risks.
Though the absence of staking reduces off-balance-sheet exposure, investors remain subject to operational and currency risks, especially since the ETP is quoted in USD but trades in multiple currencies, including EUR and CHF.
The product’s Net Asset Value (NAV) is calculated using the CoinDesk Stellar Lumens Price Index at 16:00 London time, offering consistency and simplified price verification for institutional participants.
WisdomTree notes that the multi-currency listing structure enhances arbitrage opportunities and tightens spreads, although it may introduce foreign exchange volatility for investors measuring returns in non-USD terms.
Bringing Stellar Network into the institutional spotlight
WisdomTree’s European CEO, Alexis Marinof, said the launch aligns with the firm’s goal of supporting clients with “innovative, differentiated solutions underpinned by the security, transparency, and product structuring they expect.”
The company already manages over $2 billion across 11 physically backed crypto ETPs and has seen strong inflows from investors seeking compliant digital asset exposure.
The Stellar network, known for its fast and low-cost cross-border transactions, has established partnerships with more than 69 regulated financial institutions in over 170 countries.
Dovile Silenskyte, WisdomTree’s Director of Digital Assets Research, described Stellar as “one of the most established blockchains in the world, focused on solving real-world problems in payments and finance.”
She added that Lumens’ fixed total supply of 50 billion tokens reinforces its scarcity and long-term monetary reliability.
WisdomTree’s strategic growth and expanding product range
The introduction of XLMW comes as WisdomTree continues to expand its European footprint.
The company’s European ETF and ETP range recently surpassed $50 billion in assets under management, driven by over $6 billion in net inflows this year alone.
Globally, WisdomTree manages about $140 billion across asset classes, reflecting strong investor demand for its innovative and transparent financial products.
Beyond crypto, the firm’s success has been fueled by robust demand for thematic funds such as the WisdomTree Europe Defence UCITS ETF, which has gathered more than $4 billion in assets since its 2025 launch.
Its UCITS platform now oversees $12 billion, and WisdomTree’s physically backed gold and commodity ETPs exceed $30 billion in combined assets.
WisdomTree has also appointed Beena Joseph as Global Head of Human Resources to strengthen its “work smart” model and talent development initiatives.
Joseph, who joined WisdomTree in 2014 through the acquisition of Boost ETP, has been instrumental in shaping the firm’s people-first culture and will now lead HR efforts globally to support its continued growth.
Her appointment underscores WisdomTree’s belief that strong culture drives performance — a principle echoed in its rapid global expansion and continued development of blockchain-native products such as WisdomTree Prime® and WisdomTree Connect™, which aim to bridge traditional finance with the digital asset economy.
As interest continues to grow in alternative digital assets, the XLMW ETP could play a pivotal role in shaping the next phase of institutional crypto adoption — one built on structure, compliance, and the same innovation that has long defined WisdomTree’s approach to investment.
