Grayscale Stellar Lumens Trust (XLM) Adds Crypto.com to Its Index Price Calculation

In a recent update, Grayscale Stellar Lumens Trust (XLM) announced an addition to the index price calculation for its shares.

Grayscale Stellar Lumens Trust (NASDAQ:XLM) announced an update to the index price calculation for its shares. After a scheduled quarterly review, the Trust's Index Provider, CoinDesk Indices, Inc., included Crypto.com in the CoinDesk Lumens Price Index (XLMX). The inclusion was made as Crypto.com met the liquidity requirements set by the Index Provider.

The Trust, which is organized under the laws of Delaware and has its principal executive offices in Stamford, Connecticut, did not remove any Constituent Trading Platforms during this review. Currently, the Index consists of Coinbase (NASDAQ:COIN), Kraken, Bitstamp, and Crypto.com. These platforms are used to derive the Index Price, which is a key factor in the valuation of the Trust's shares.

CoinDesk Indices, Inc. may modify the trading venues or alter the Index Price calculation method at any time. The scheduled quarterly reviews are part of the Index Provider's ongoing process to ensure that the Constituent Trading Platforms meet specific criteria, as detailed in the Trust’s Annual Report on Form 10-K for the year ended September 30, 2023.

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