iShares Russell 2000 ETF (IWMX) price

IWMX tracks iShares Russell 2000 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.

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.

WebsiteXTelegram

IWMX contract address

XsbELVbLGBkn7xfMfyYuUipKGt1iRUc2B7pYRvFTFu3

Ticker

IWMX

Issuer

xStocks

Status

Verified

IWMX 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. IWMX tracks the price of iShares Russell 2000 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 IWMX, and it does not issue, back, or custody the token.

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

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

Other tokens tracking iShares Russell 2000 ETF