WisdomTree Launches Physically Backed ETP in Europe

WisdomTree has launched a physically backed exchange-traded product tied to stellar lumens (XLM) across several European venues, setting the management expense ratio at 0.50%, according to a press release the asset manager shared with CoinDesk on Tuesday.

Called the WisdomTree Physical Stellar Lumens ETP, the product provides exposure to the spot price of lumens through a physically-backed structure.

The ETP listed on the SIX Swiss Exchange and on Euronext in Paris and Amsterdam at launch, with a Deutsche Börse Xetra listing planned for Oct. 15. WisdomTree described the 0.50% fee as the lowest-cost physically backed lumens ETP in Europe; CoinDesk has not independently verified competing fee levels.

The firm positions the vehicle as an institutional-grade route to Stellar’s native asset and says it joins a lineup that began in 2019 with a physically backed bitcoin ETP.

On the network, WisdomTree characterizes Stellar as a high-performance Layer-1 aimed at modernizing cross-border payments and tokenized-asset issuance. The release highlights the Stellar Consensus Protocol — described as energy-efficient and based on federated voting by publicly identifiable validators — and notes smart contracts were introduced in 2024. The company also points to integrations with more than 69 regulated financial institutions across 170+ countries for fiat–crypto bridging.

“Stellar is one of the most established blockchains in the world, with a clear focus on solving real-world problems in cross-border payments and finance. Lumens serve as the lifeblood of the Stellar network, facilitating efficient cross-currency transactions and, with a fixed total supply of 50 billion and no inflationary issuance, it benefits from scarcity and monetary integrity,” said Dovile Silenskyte, director of digital assets research at WisdomTree.

As of press time, according to CoinDesk Data, XLM traded around $0.3251, down 6.4% over the past 24 hours.