Summary
- WisdomTree launched a Stellar Lumens (XLM) ETP in the European market.
- The product is said to be part of a strategy to expand altcoin exposure beyond portfolios centered on Bitcoin and Ethereum.
- Stellar Lumens' fixed supply and payment efficiency were highlighted as investment attractions.
Global asset manager WisdomTree has launched an exchange-traded product (ETP) in the European market that physically tracks Stellar Lumens (XLM). The strategy is to expand beyond existing portfolios centered on Bitcoin and Ethereum and to strengthen altcoin exposure products for institutional investors.
On the 14th (local time), CoinDesk reported that WisdomTree unveiled the 'WisdomTree Physical Stellar Lumens ETP' and set the management fee at 0.50% per year. The product was listed simultaneously on the Swiss Stock Exchange and in Paris and Amsterdam, and is scheduled to be listed on Germany's Xetra exchange on the 15th.
Dovile Silenskyte, WisdomTree's Digital Assets Research Director, said, "Stellar Lumens is one of the oldest and most trusted blockchains in the world, and has demonstrated practical payment efficiency," adding, "with a total fixed supply of 50 billion units, it is an asset that combines scarcity and monetary reliability."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
