---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-291398"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:40:06.210478+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Grayscale Stellar Lumens Trust (XLM) index removes itBit as constituent trading platform

## Summary
- CoinDesk Indices removed itBit (XLM-USD pair) from the XLM CCIXber Reference Rate effective Nov 18, 2025.
- Removal due to itBit failing to meet the Index Provider’s conditions for inclusion; no new platforms added.
- Remaining XLM-USD constituent platforms: Bitfinex, Bitstamp, Crypto.com, Kraken, OKX.
- XLM-USDC constituent platform: Bybit. Index may change in future monthly reviews.

## SEC filing metadata
- accession: 0001193125-25-291398
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000119312525291398/0001193125-25-291398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000119312525291398/gxlm-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-291398
- JSON: https://secwatch.observer/filing/0001193125-25-291398.json
- Plain text: https://secwatch.observer/filing/0001193125-25-291398.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.