SPDR S&P Oil & Gas Exploration & Production ETF (XOPX) price

XOPX tracks SPDR S&P Oil & Gas Exploration & Production ETF, a fund linked to oil, natural gas, or energy companies. Funds in this group either hold futures contracts on the commodity or hold shares in energy producers and service companies.

A futures-based fund rolls its contracts forward as they expire, so over months it can drift away from the spot price. A fund holding energy companies moves with company results and the stock market as well as with energy prices.

SPDR Oil & Gas E&P (XOPX) is issued by xStocks and trades on the Solana blockchain. SPDR Oil & Gas E&P is verified on Solana's token registry. The price, 24-hour volume and liquidity shown here update live from trading on Solana DEXes.

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XOPX contract address

XsAk6BoV4kBXUM6WXodKyM21CN92G9jArwAzFvbh3LX

Ticker

XOPX

Issuer

xStocks

Status

Verified

XOPX 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. XOPX tracks the price of SPDR S&P Oil & Gas Exploration & Production 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 XOPX, and it does not issue, back, or custody the token.

The price of XOPX 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 XOPX comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

XOPX 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 XOPX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for XOPX is 1.0063. 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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