WisdomTree Launches First Physical Stellar Lumens ETP in Europe

WisdomTree has made its mark on the European financial landscape by launching the ‘WisdomTree Physical Stellar Lumens ETP’. This marks the first physically-backed Stellar Lumens (XLM) exchange-traded product to be listed in Europe. The WisdomTree Physical Stellar Lumens ETP boasts a 0.50% management fee and is currently available on the Swiss SIX Exchange, as well as the Paris and Amsterdam Euronext markets. It will debut on Germany’s Xetra platform on October 15th. The company asserts this product offers the most cost-effective way to invest in XLM with a compliant solution for institutions looking to access the Stellar network’s native assets.