IJRX is a token on Solana that tracks the price of iShares Core S&P Small-Cap ETF. It's issued by Backed Finance, not by Solflare, and gives you price exposure to the underlying ETF without making you a holder of it. You can hold and swap IJRX in a self-custody wallet such as Solflare.

Why can the price of IJRX differ from iShares Core S&P Small-Cap ETF?

The price of IJRX is set by on-chain trading on Solana. When the underlying market is closed, there's no live price to follow, and when liquidity is thin, a small swap can move the token's price. A scaling factor, where one applies, also means the token's price won't match the underlying price one for one.

What happens if IJRX has low liquidity?

Low liquidity means a small swap can move the price of IJRX, the spread between buying and selling widens, and selling can cost more than you expect. The token's price can also sit further from the underlying asset. Liquidity on tokenized funds and commodities varies a lot between tokens and over the course of a day.

You buy IJRX by swapping SOL, USDC, or another Solana token for it in a self-custody wallet such as Solflare. The swap settles on Solana, so no brokerage account is involved. Keep a small SOL balance for network fees, and check Backed Finance's terms first, since availability varies by jurisdiction.

Does IJRX pay dividends or distributions?

No. The asset behind IJRX doesn't pay distributions, so the token's value reflects price movement alone.

When can I trade IJRX?

You can swap IJRX on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of IJRX comes from on-chain trading alone, so spreads can widen and the price can drift from the fund's last close until the market reopens.

IJRX price today: iShares Core S&P Small-Cap ETF on Solana

Q: Is buying IJRX the same as buying iShares Core S&P Small-Cap ETF?

No. IJRX is a separate token that tracks the price of iShares Core S&P Small-Cap ETF. Holding it gives you the price exposure, but not shareholder rights or a direct claim on the underlying holdings. Any redemption into the underlying asset is handled by Backed Finance for eligible clients under its own terms, not by Solflare.

Q: Who issues IJRX?

Backed Finance issues IJRX. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients. Solflare is a self-custody wallet that lets you hold and swap IJRX; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What IJRX tracks

IJRX tracks iShares Core S&P Small-Cap ETF, an index fund that holds a broad basket of stocks according to its index rules. Its price follows the fund's share price, which moves with the combined value of the companies in the index.

Because an index fund spreads its holdings across many companies, trouble at any single company has a limited effect on it. The fund still falls when the broad market falls.

About iShares S&P Small-Cap 600

For too long, investing has come with barriers. Borders. Brokers. Limitations. It’s been complicated, costly, and — for millions — out of reach. xStocks were created to change that. xStocks are tokenized stocks. They’re backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, accessible to non-US users, and provide a legal claim to the value of the stock. xStocks enable easy access to 57 US Stocks and ETFs to regular users through top centralized and decentralized exchanges, and can be integrated with other DeFi protocols like any other token.

Website

IJRX contract address

XsyZcb97BzETAqi9BoP2C9D196MiMNBisGMVNje2Thz

Ticker

IJRX

Issuer

xStocks

Status

Verified

How IJRX works

IJRX 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. IJRX tracks the price of iShares Core S&P Small-Cap 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 IJRX, and it does not issue, back, or custody the token.

The price of IJRX 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.

The asset behind IJRX doesn't pay distributions, so the value of IJRX reflects price movement alone.

When can you trade IJRX?

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

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Prices are volatile and can fall as well as rise. IJRX is issued by Backed Finance and gives price exposure to iShares Core S&P Small-Cap ETF, not fund shares, shareholder rights, or a claim on the fund's holdings; redemption terms are set by the issuer. Liquidity can be thin, which widens spreads and can move the price on small swaps, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody this token. Nothing here is financial advice.

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iShares Core S&P Small-Cap ETF (IJRX) price

iShares Core S&P Small-Cap ETF price chart