Grayscale Stellar Lumens Trust (GXLM) explains cashtag and X social media disclaimers

Rhea-AI Filing Summary

Grayscale Stellar Lumens Trust (XLM) filed an update explaining how its sponsor, Grayscale Investments Sponsors, LLC, uses X (formerly Twitter) and how investors should view information found there. Grayscale notes that its accounts may use ticker symbols with a leading “$” cashtag, which X automatically turns into links showing market data, news, and commentary from third parties.

The company emphasizes that it does not control, authorize, or endorse any information on these X-generated pages or other third-party sites they link to, and that such information may be inaccurate or inconsistent with its official disclosures. Investors are directed to rely on Grayscale’s SEC filings for authoritative and up-to-date information about the trust and its investment products.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 3, 2025

Grayscale Stellar Lumens Trust (XLM)

(Exact name of Registrant as Specified in Its Charter)

Delaware			000-56434	83-6545098
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
c/o Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4th Floor
Stamford, Connecticut				06902
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 212 668-1427

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Grayscale Stellar Lumens Trust (XLM) Shares		GXLM		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Use of Cashtags and Third-Party Content on X

Grayscale Investments Sponsors, LLC, the sponsor of Grayscale Stellar Lumens Trust (XLM), as well as the sponsor’s affiliates and their respective directors and officers (collectively, “Grayscale”) maintain a presence on X (formerly Twitter). Grayscale is not affiliated with X or any other social media site, and Grayscale has no control over how these sites or other third parties will use any information shared on any social media site.

Grayscale’s communications on X may include a ticker symbol preceded by a “$” (a “cashtag”). X automatically converts cashtags into hyperlinks that direct users to pages containing market data, news, commentary, and other content created or supplied by third parties. Grayscale does not control, endorse, or assume any responsibility for the information displayed on those X-generated pages or for any third-party websites, data sources, or services that may be accessible through them. Such information is not authorized, prepared, verified, or updated by Grayscale and may be inaccurate, incomplete, untimely, or inconsistent with Grayscale’s public disclosures. Investors in Grayscale products should not rely on any such information as having been authorized by Grayscale. For authoritative and up-to-date information about Grayscale and its investment products, please refer to Grayscale’s filings for its products with the Securities and Exchange Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Grayscale Investments Sponsors, LLC, as Sponsor of Grayscale Stellar Lumens Trust (XLM)
Date:	December 3, 2025	By:	/s/ Edward McGee
			Name: Edward McGee Title: Chief Financial Officer (Principal Financial and Accounting Officer)*

* The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Sponsor of the Registrant.

FAQ

What did Grayscale Stellar Lumens Trust (GXLM) disclose in this 8-K?

The trust disclosed how its sponsor, Grayscale Investments Sponsors, LLC, uses X (formerly Twitter), clarifying that third-party content linked via cashtags is not controlled or endorsed by Grayscale and should not be relied on as official information.

How does Grayscale use cashtags for Grayscale Stellar Lumens Trust (GXLM) on X?

Grayscale’s X communications may include a ticker symbol with a “$” cashtag. X then converts this into a hyperlink that leads to pages with market data, news, and commentary created by third parties, not by Grayscale.

Does Grayscale endorse the third-party market data shown when clicking GXLM cashtags on X?

No. Grayscale explicitly states it does not control, endorse, or assume responsibility for any information displayed on X-generated cashtag pages or linked third-party sites.

Where should GXLM investors go for authoritative information about the trust?

Investors are told to rely on Grayscale’s filings with the SEC for authoritative and up-to-date information about Grayscale Stellar Lumens Trust (XLM) and other Grayscale products.

What risks does Grayscale highlight about relying on X cashtag content for GXLM?

Grayscale warns that third-party content accessible via cashtags may be inaccurate, incomplete, untimely, or inconsistent with its public disclosures, so investors should not treat it as authorized information.

Is Grayscale affiliated with X (formerly Twitter) or other social media sites?

Grayscale states it is not affiliated with X or other social media platforms and has no control over how those platforms or other third parties use information shared there.