GXLM refers to the Grayscale Stellar Lumens Trust
GXLM refers to the Grayscale Stellar Lumens Trust, which is an investment vehicle managed by Grayscale Investments that focuses on holding Stellar Lumens (XLM), a cryptocurrency. Here's a bit more context:
Grayscale Investments: This company is known for creating investment products that track the price of various cryptocurrencies, allowing investors to gain exposure to these assets without directly owning them.
Stellar Lumens (XLM): XLM is the native cryptocurrency of the Stellar network, which is designed to facilitate cross-border payments, especially for financial institutions and individuals in developing countries. Stellar aims to make international money transfers faster and cheaper.
GXLM (Grayscale Stellar Lumens Trust): This trust allows investors to invest in Stellar Lumens through traditional investment accounts, like IRAs or 401(k)s, where direct cryptocurrency ownership might not be allowed or practical. The trust's shares are traded over-the-counter (OTC) under the symbol GXLM.
The performance of GXLM can sometimes diverge from the direct price of XLM due to factors like the trust's management fees, the premium or discount at which the shares trade compared to the net asset value (NAV), and market sentiment towards investment vehicles versus direct cryptocurrency holdings.
Recent discussions or posts on platforms like X might highlight GXLM's performance, investor interest, or comparisons with direct XLM holdings, reflecting broader market trends or specific events impacting Stellar or Grayscale's products.
-
LIVE
Chi-Town Gamers Livestreams
4 hours ago🔴 LIVE: Throne And Liberty Ep. 1 | Testing The Waters of MMO W/ KingKMANthe1st
337 watching -
LIVE
The Gun Collective
19 minutes agoThe Masterkey RETURNS - TGC News!
149 watching -
1:02:26
In The Litter Box w/ Jewels & Catturd
20 hours agoFULL TRANSPARENCY | In the Litter Box w/ Jewels & Catturd – Ep. 669 – 10/15/2024
47.5K22 -
1:18:30
Awaken With JP
5 hours agoKamala's Campaign is Panicking! LOL - LIES Ep 61
58.8K53 -
2:09:10
PudgeTV
5 hours ago🟡 Practical Pudge Ep 43 | Kayla Youngren & Red Balloon Work | Saving the Economy - One Job @ A Time
18.1K2 -
29:53
Chef Donny
4 hours agoCheffing Up Steak & Chimichurri with Nick Turani | Chef Donny @Pepsi Live Stream
17.7K1 -
3:07:24
PixelHead Live
5 hours ago🔫FO76 | 📦New Season 18-Milepost Zero Begins (PvP | Gameplay | Live | 18+ | UK)
28.3K -
32:03
Stephen Gardner
3 hours ago🔴Kamala LOSES IT as her AMERICA HATING words go viral!
37.1K34 -
2:10:41
Bussin' With The Boys
8 hours agoDonald Trump On How Success Will Unite America + The Future Of Media
108K173 -
1:26:14
Matt Kim
5 hours agoFrom ‘I Took a Pill in Ibiza’ to Leading with Purpose: Mike Posner’s Life Lessons | Matt Kim #119
37.8K3