SPDR EURO STOXX 50 (FEZX) price

FEZX tracks SPDR EURO STOXX 50, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.

Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.

SPDR EURO STOXX 50 xStock

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FEZX contract address

XsbZDdYJKxEBQASz4KBj23NRgymXw2NK6mbNQ6PYhC7

Ticker

FEZX

Issuer

xStocks

Status

Verified

FEZX 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. FEZX tracks the price of SPDR EURO STOXX 50, 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 FEZX, and it does not issue, back, or custody the token.

The price of FEZX 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.

Distribution terms for FEZX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.

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

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