Here are the 10-Q quarterly reports from Grayscale Stellar Lumens (GXLM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GXLM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GXLM filings page.
Grayscale Stellar Lumens Trust (XLM) reported net assets of about $21.8 million at June 30, 2026, based on Principal Market NAV of $15.38 per share and 1,414,200 shares outstanding. The Trust held 117.0 million XLM valued at $0.19 each on its selected trading platform.
For the three months ended June 30, 2026, net realized and unrealized gains on XLM were $2.1 million, offset by $0.1 million of Sponsor’s Fees, producing a $1.9 million increase in net assets and a 9.78% total return. For the six‑month period, net assets fell 6% and total return was -7.85% as XLM declined from $0.20 to $0.19.
The Trust charges an annual Sponsor’s Fee of 2.5% of assets, paid in XLM, and had no Additional Trust Expenses in the period. It does not currently operate a redemption program, remains fully concentrated in XLM, and its OTCQX‑traded shares (GXLM) have historically traded at premiums and discounts to NAV.
Grayscale Stellar Lumens Trust (XLM) reported a weaker quarter as its net assets fell to $19.6 million at March 31, 2026, down from $23.2 million at year-end. The decline mainly reflects XLM price pressure, which dropped from $0.20 to $0.17.
The Trust held about 116.4 million XLM and had 1,398,200 shares outstanding, giving a Principal Market NAV of $14.01 per share. Operations produced a $3.7 million net decrease in net assets, including a $130,000 Sponsor’s Fee paid in XLM, which slowly reduces XLM per share.
The Trust issued 9,000 new shares via creations but still does not offer redemptions. It remains a passive, single-asset vehicle charging a 2.5% annual fee on net assets. A new Board of Managers was formed in May 2026 to oversee the Sponsor’s day‑to‑day affairs.