Global X Copper Miners ETF (COPXX) price

COPXX tracks Global X Copper Miners ETF, a fund holding mining companies or industrial metals such as copper, uranium, nickel, or rare earths. Where the fund holds company shares, its price moves with the metal and with company and stock-market risk.

Mining shares often move further than the metal they produce, in both directions.

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COPXX contract address

XsybfiKkD4UmjkAGT2uR8X2sq9AWFtvGJM2KTffoALZ

Ticker

COPXX

Issuer

xStocks

Status

Verified

COPXX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. COPXX tracks the price of Global X Copper Miners ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping COPXX, and it does not issue, back, or custody the token.

The price of COPXX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Backed Finance folds it into the token instead of paying it out, so each COPXX comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

COPXX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of COPXX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for COPXX is 1.0024. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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