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Grayscale® Stellar Lumens Trust

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private placement is offered on a periodic basis throughout the year and is currently closed.
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$ 0 m
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

The first securities solely invested in and deriving value from the price of XLM

Grayscale Stellar Lumens Trust is solely and passively invested in Stellar Lumens, enabling investors to gain exposure to XLM in the form of a security while avoiding the challenges of buying, storing, and safekeeping XLM directly.

The first securities solely invested in and deriving value from the price of XLM

Grayscale Stellar Lumens Trust is solely and passively invested in Stellar Lumens, enabling investors to gain exposure to XLM in the form of a security while avoiding the challenges of buying, storing, and safekeeping XLM directly.

Benchmark Index Benchmark Composition

CoinDesk Lumens Reference Rate

CUSIP

38963R105

ISIN

US38963R1059

Bloomberg

XLMFUND

Inception Date

12/06/2018

Annual Fee

2.5%

AUM

$19,781,206**‡

Shares Outstanding

770,400‡

XLM per share

93.61672214‡

Features

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Titled, auditable ownership through a traditional investment vehicle

Grayscale Stellar Lumens Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Eligible for tax-advantaged accounts

Shares of Grayscale Stellar Lumens Trust are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Sponsor of Grayscale Stellar Lumens Trust. Financial statements for Grayscale Stellar Lumens Trust are audited annually by Friedman LLP.

Robust security and storage

Grayscale Stellar Lumens Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Performance

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The first securities solely invested in and deriving value from the price of XLM

Grayscale Stellar Lumens Trust provides a secure structure to gain exposure to XLM.

The first securities solely invested in and deriving value from the price of XLM

Grayscale Stellar Lumens Trust provides a secure structure to gain exposure to XLM.

Holdings / Share **

At close as of 07/26/2021

$25.68
$ 0

Day Change

0.0422

Holdings / Share **

Returns (At close as of 07/26/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.0422
0.0612
-0.3925
1.1294
1.7643
0.9892

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* “Stellar” is a trademark of the Stellar Development Foundation. The Trust is not affiliated with, endorsed by, or supported by the Stellar Development Foundation.

† There can be no assurance that the value of the Shares of the Trust will reflect the value digital assets held by the Trust, less the Trust’s expenses and other liabilities, and the Shares, if traded on any Secondary Market, may trade at a substantial premium over, or substantial discount to, such value and the Trust may be unable to meet its investment objective.

** XLM Holdings per Share is calculated daily at 4pm ET, based on a CoinDesk Lumens Reference Rate. For more information about how XLM Holdings is calculated, please refer to the private placement memorandum.

‡ At close as of 3/15/2021

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

* “Stellar” is a trademark of the Stellar Development Foundation. The Trust is not affiliated with, endorsed by, or supported by the Stellar Development Foundation.

† There can be no assurance that the value of the Shares of the Trust will reflect the value digital assets held by the Trust, less the Trust’s expenses and other liabilities, and the Shares, if traded on any Secondary Market, may trade at a substantial premium over, or substantial discount to, such value and the Trust may be unable to meet its investment objective.

** XLM Holdings per Share is calculated daily at 4pm ET, based on a CoinDesk Lumens Reference Rate. For more information about how XLM Holdings is calculated, please refer to the private placement memorandum.

‡ At close as of 3/15/2021

Investment Terms

Investment Objective

Shares (based on XLM per Share as indicated below) track the XLM market price, less fees and expenses.† Please consult with your financial professional.

Benchmark Index Benchmark Composition

CoinDesk Lumens Reference Rate

Investor Qualifications

US38963R1059

Minimum Investment Requirement

$25,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Trust may from time to time incur certain extraordinary expenses, which are payable by the Trust

Performance Fee

0

Assets Under Management

$19,781,206**‡

Subscriptions

Daily

XLM Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market, if any develops

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust, The Entrust Group, AltoIRA, and others

Per-share XLM Holdings

Each share represents 94.5835289 XLM

CUSIP

38963R105

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