WisdomTree has launched a physically backed Stellar Lumens exchange-traded product (ETP) on European exchanges, marking a significant move for the crypto market as traditional financial institutions increase their engagement with blockchain technologies. The new instrument, available on Swiss SIX Exchange and Euronext platforms in Paris and Amsterdam, aims to provide investors with a regulated and cost-effective way to access the Stellar network, a blockchain platform known for its focus on cross-border payments and tokenized assets. This launch follows recent volatility and instability in Stellar’s market, but experts view it as a positive step towards stability and sustained growth.