WisdomTree Launches XLM Physically Backed ETP in Europe

Techub News, according to CoinDesk, WisdomTree has launched a physically backed exchange-traded product (ETP) linked to XLM on multiple European trading platforms, with a management fee rate set at 0.50%. The product, named WisdomTree Physical Stellar Lumens ETP, provides investors with exposure to the spot price of Stellar Lumens through a physically backed structure. This ETP has been listed on the SIX Swiss Exchange and Euronext in Paris and Amsterdam, and is scheduled to be listed on Germany's Xetra stock exchange on October 15.