- WisdomTree launches a low-cost physically backed Stellar Lumens ETP.
- The ETP, ticker XLMW, is listed on SIX and Euronext, and will soon be available on Germany’s Xetra.
- Custody is provided by Swissquote and Coinbase, with no staking or lending.
Global asset manager WisdomTree has introduced a new physically backed exchange-traded product (ETP) tied to Stellar Lumens (XLM), marking a notable expansion of the firm’s digital asset offerings beyond Bitcoin and Ethereum.
This move reinforces WisdomTree’s position as a leading European provider of institutional-grade crypto investment tools and reflects growing institutional interest in blockchain networks beyond the largest digital assets by market capitalization.
ETP broadens institutional access to Stellar (XLM)
The new product, officially named WisdomTree Physical Stellar Lumens ETP (ticker: XLMW), gives investors regulated, transparent, and cost-efficient exposure to Stellar Lumens.
The ETP carries an annual management fee of 0.50%, which WisdomTree says is the lowest fee among physically backed Lumens products available in Europe.
XLMW is listed on several major exchanges, including the Swiss SIX exchange, Euronext Paris and Euronext Amsterdam, and it 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 is structured like traditional commodity ETPs to track the price of XLM without engaging in staking or lending of the tokens.
As a result, investors gain exposure to Lumens price movements, net of the 0.50% management fee, without taking on additional risks associated with validator operations or yield-generation products.
Risks and market considerations
While the launch of XLMW increases institutional access to the Stellar ecosystem, WisdomTree has been clear about the potential risks.
The firm highlights factors such as the inherent volatility of Stellar, potential technical failures, exchange liquidity risks, and custodian risks.
Although the absence of staking reduces off-balance-sheet exposures, investors are still subject to operational and currency risks, particularly because the ETP is denominated in U.S. dollars 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, providing consistency and simplified price verification for institutional participants.
WisdomTree notes that the multi-currency listing can enhance arbitrage opportunities and tighten spreads, while also introducing currency volatility for investors who measure returns in non-USD terms.
Spotlight on the Stellar Network
Alexis Marinof, CEO of WisdomTree Europe, said the launch aligns with the firm’s goal of supporting clients with “innovative, differentiated solutions backed by the security, transparency and product structuring they expect.”
WisdomTree already manages over $2 billion across 11 physically backed crypto ETPs and has seen significant inflows from investors seeking regulated access to digital assets.
The Stellar network, known for fast and low-cost cross-border transactions, has partnered with more than 69 regulated financial institutions across over 170 countries.
Delve Sileinskite, WisdomTree’s head of digital asset 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 supports scarcity and long-term monetary reliability.
Strategic growth and WisdomTree’s expanding product suite
The XLMW launch comes as WisdomTree continues to expand its European footprint.
WisdomTree’s lineup of European ETFs and ETPs recently surpassed $50 billion in assets under management, driven by more than $6 billion of net inflows so far this year.
Globally, the firm manages roughly $140 billion across multiple asset classes, reflecting strong investor demand for its transparent, innovation-driven financial products.
Beyond cryptocurrencies, WisdomTree’s success is also supported by sustained demand for thematic funds, such as the WisdomTree Europe Defence UCITS ETF, which has gathered over $4 billion in assets since launching in 2025.
Its UCITS platform now oversees $12 billion, and WisdomTree’s physically backed gold and commodity ETPs account for over $30 billion in combined assets.
WisdomTree recently appointed Beena Joseph as global head of human resources to strengthen its “smart working” model and talent development initiatives. Joseph, who joined WisdomTree in 2014 through the Boost ETP acquisition, has played a central role in shaping the company’s people-focused culture and will lead global HR efforts to support further growth.
The appointment underscores WisdomTree’s belief that a strong culture drives performance—a principle reflected in the firm’s rapid global expansion and ongoing development of blockchain-based products like WisdomTree® Prime and WisdomTree Connect™, which aim to bridge traditional finance and the digital asset economy.
As interest in alternative digital assets continues to rise, the XLMW ETP may play an important role in advancing the next phase of institutional crypto adoption—one built on structure, compliance, and the same innovation that has long defined WisdomTree’s investment approach.