The Stellar ETF (STLR) is an actively managed exchange-traded fund from Volatility Shares that seeks returns matching the performance of XLM, the native token of the Stellar network, before fees and expenses. The fund launched on April 1, 2026, and trades on Cboe under the ticker STLR. It doesn’t hold spot XLM. Instead, it gets its exposure through XLM futures contracts, and it may also use swaps and other XLM-linked instruments. It holds some of these positions through a Cayman Islands subsidiary.

Stellar is an open-source blockchain built for payments and tokenized assets, and it has been running since 2014. The network uses the Stellar Consensus Protocol to settle transactions within seconds at very low cost. Its use cases include cross-border payments and stablecoin transfers, and several institutional asset managers have issued tokenized funds on the network.

STLR is non-diversified and is structured to qualify as a regulated investment company. Because it trades CFTC-regulated futures, it is also treated as a commodity pool. The fund charges a total expense ratio of 1.15%. Volatility Shares LLC is the sponsor, and Foreside Fund Services, LLC is the distributor. XLM and XLM futures are highly volatile and the XLM futures market is still young, so the fund’s returns may not track spot XLM closely. Investors could lose a significant portion or all of their investment.