SP500 xStock (SPYx) is a tracker certificate issued as Solana SPL and ERC-20 tokens. SPYx tracks the price of SPDR S&P 500 ETF Trust (the underlying).
SPYx is designed to give eligible cryptocurrency market participants regulatory-compliant access to the ETF price of SPDR S&P 500 ETF Trust, whilst maintaining the benefits of blockchain technology.
SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that seeks to track the performance of the S&P 500 Index, representing 500 of the largest publicly traded companies in the U.S. It offers broad exposure to the U.S. equity market and is one of the most widely traded ETFs globally.
