WisdomTree launches the Physical Stellar Lumens ETP
14 OCT, 2025
By Joanna Piwko from RankiaPro Europe
WisdomTree, a global innovator in the financial sector, has today launched the WisdomTree Physical Stellar Lumens ETP (XLMW), designed to offer investors a simple, safe and cost-efficient way to gain exposure to Lumens, the native token of the Stellar blockchain.
The ETP, listed today on the Swiss Stock Exchange SIX and Euronext in Paris and Amsterdam, offers exposure to the spot price of Lumens through an institutional-level structure and with physical coverage. With a management expense ratio (MER) of 0.50%, it represents the cheapest physical-backed Lumens ETP in Europe. The ETP will be listed on Deutsche Börse Xetra on October 15, 2025.
Stellar is a high-performance layer 1 blockchain specifically designed to modernize global finance, enabling rapid payments at extremely low costs, as well as the issuance of tokenized assets. Since its launch in 2014, Stellar has grown into a globally distributed network that enables mission-critical use cases, such as cross-border payments, remittances and tokenization of real-world assets (RWA). The Stellar Consensus Protocol (SCP) is unique and represents a collaborative, agile and energy-efficient consensus mechanism based on the federated voting of publicly identifiable validators. The SCP eliminates the need for monetary incentives for validators, ensuring almost instantaneous finalization with a low environmental impact and high throughput. The introduction of smart contracts on Stellar in 2024 has expanded the network's capabilities in terms of decentralized finance and applications. The integration of over 69 regulated financial institutions in more than 170 countries provides an unparalleled linking infrastructure between fiat currencies and cryptocurrencies. Stellar's Lumens has a market capitalization of 12.1 billion dollars[1] and is therefore in the top 10 of cryptocurrencies[2].
Dovile Silenskyte, Director, Digital Assets Research, WisdomTree, stated: Stellar is one of the most established blockchains in the world, strongly oriented towards solving real problems in the field of cross-border payments and finance. Lumens is the lifeblood of the Stellar network; thanks to the ability to carry out efficient transactions between different currencies and a fixed total supply (equal to 50 billion) without inflationary emissions, it benefits from scarcity and monetary integrity.
In 2019, following the launch of the WisdomTree Physical Bitcoin ETP, WisdomTree became the first ETP issuer to provide European investors with institutional-level and physically covered exposure to cryptocurrencies. WisdomTree manages over 2 billion dollars[3] within a carefully studied range of 11 institutional-level, physically covered cryptocurrency ETPs that offer a simple, safe, and low-cost way to gain exposure to individual coins, such as bitcoin, ether, and now Lumens, as well as diversified baskets of cryptocurrencies, like the WisdomTree Physical CoinDesk 20 ETP.
Alexis Marinof, CEO, Europe, WisdomTree, stated: The launch strengthens our position as leaders in cryptocurrency ETPs for European investors. Since 2019, we have been at the forefront in introducing institutional-level and physically covered cryptocurrency ETPs to the market, creating a reliable and carefully selected range that meets the ever-evolving needs of European investors. In 2024, we dominated the European market in terms of inflows into cryptocurrency ETPs and this momentum continued into 2025, thanks to the support offered to customers through innovative and differentiated solutions, all with the security, transparency, and product structuring that they expect from WisdomTree.
WisdomTree's European cryptocurrency ETPs are available in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Poland, Netherlands, Norway, Spain, Sweden, and Switzerland. The WisdomTree Physical Bitcoin and the WisdomTree Physical Ethereum are exclusively available in the United Kingdom.
Product Information
| Name of the ETP | MER | Exchange | Trading Currency | Exchange Code | ISIN |
| WisdomTree Physical Stellar Lumens | 0,50% | SIX | USD | XLMW | GB00BN7K9C82 |
| WisdomTree Physical Stellar Lumens | 0,50% | SIX | CHF | XLMW | GB00BN7K9C82 |
| WisdomTree Physical Stellar Lumens | 0,50% | Börse Xetra | EUR | WXLM | GB00BN7K9C82 |
| WisdomTree Physical Stellar Lumens | 0,50% | Euronext Amsterdam | USD | XLMW | GB00BN7K9C82 |
| WisdomTree Physical Stellar Lumens | 0,50% | Euronext Paris | EUR | WXLM | GB00BN7K9C82 |
