SEC Filing ⚠ 4
GXLM: 10-Q · periodic report
Grayscale Stellar Lumens Trust (OTCQX: GXLM) filed its 10-Q for the quarter ended June 30, 2026, reporting net assets of $21.75 million held 100% in 117,043,964 XLM, with a Principal Market NAV per share of $15.38.
The trust posted a 9.78% total return for the quarter as XLM appreciated from $0.17 to $0.19, producing a $1.94 million net increase in net assets from operations; the six-month total return was negative 7.85% as net assets fell from $23.19 million at year-end.
The trust pays a 2.5% annual sponsor's fee in XLM ($259,822 for the six months), which continues to erode the XLM backing per share (82.76 XLM per share, down from 83.80), and it still operates no redemption program, leaving OTC shareholders exposed to potentially substantial premiums and discounts.
Digital Currency Group's $200 million share purchase authorization spanning six Grayscale products remained entirely unused through July 30, 2026, and the trust reported no material changes to risk factors or internal controls.
SEC 10-Q • 2mo ago