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View ChartRussell 2000 Tokenised ETF (xStock) (IWMX) is a tokenized tracker certificate that mirrors the price of the iShares Russell 2000 ETF (IWM), a BlackRock-managed fund tracking roughly 2,000 US small-cap stocks. Issued by Backed Assets (JE) Limited and tokenized through Backed Finance AG, IWMX forms part of the xStocks suite launched on June 30, 2025. It targets qualified non-US investors seeking 24/7 on-chain small-cap index exposure. The token exists primarily on Solana under the token-2022 program standard, with an ERC-20 version on Ethereum and issuance across multiple EVM chains. Supply is elastic, with no fixed maximum: new tokens are minted only when corresponding IWM shares sit with regulated custodians, and tokens are burned upon redemption. The product is live and actively traded, with a wrapped version (wIWMx) also available.
IWMX is issued by Backed Assets (JE) Limited, with Backed Finance AG acting as the tokenization provider. The product is part of the xStocks suite launched on June 30, 2025. BlackRock manages the underlying iShares Russell 2000 ETF (IWM), but BlackRock has no affiliation with the xStocks issuer. Custody for the backing IWM shares is provided by Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG, while Security Agent Services AG acts as security agent for certificate holders. Detailed public information about individual team members or founders beyond these corporate entities is currently limited.
IWMX operates as a tracker certificate issued as a freely transferable token on selected blockchains. Each IWMX token is backed 1:1 by IWM ETF shares held with regulated custodians. Supply is maintained through minting against custody: new IWMX tokens are created only when corresponding IWM shares sit with the custodian network, and tokens are burned on redemption. Holders can redeem tokens through the issuer's redemption process and receive the corresponding amount of IWM ETF shares from custody, subject to a fee of up to 0.50%. Issuance works in reverse — depositing IWM shares with the custodian network mints new IWMX tokens. On Solana, IWMX exists under the token-2022 program standard, and transfers settle continuously, including outside US market hours. However, the underlying IWM price only updates while US equity markets are open. Redemption access is subject to the same eligibility rules as holding: non-US persons only, with UK access restricted to validated professional clients.
IWMX offers 24/7 on-chain exposure to US small-cap equities, a segment represented by roughly 2,000 companies through the iShares Russell 2000 ETF. Unlike the underlying IWM ETF, which trades on NYSE Arca during US market hours, IWMX transfers settle continuously on Solana, including outside US market hours. The token is backed 1:1 by IWM shares held with regulated custodians, providing a direct link between on-chain supply and off-chain assets. Its multi-chain presence across Solana and multiple EVM chains enhances accessibility for qualified non-US investors. The elastic supply model, with minting against custody and burning on redemption, ensures that on-chain supply tracks demand without a fixed maximum. Additionally, the existence of a wrapped version (wIWMx) adds further flexibility for holders.
IWMX is primarily used to gain tokenized exposure to the iShares Russell 2000 ETF, which tracks approximately 2,000 US small-cap stocks. It enables qualified non-US investors to hold and transfer a blockchain-based asset that mirrors the price of the underlying ETF. The token can be used for 24/7 on-chain settlement and transfers, including outside US market hours. Holders may redeem IWMX for the corresponding amount of IWM ETF shares through the issuer's redemption process, subject to eligibility rules and a fee of up to 0.50%. The wrapped version (wIWMx) is available for use within decentralized finance ecosystems. IWMX does not pay dividends, and its value is tied to the performance of the underlying small-cap index.
IWMX is part of the xStocks suite launched on June 30, 2025 by Backed Finance AG. The Solana SPL version serves as the main rail for the xStocks suite, while Backed issues the product across multiple EVM chains. A wrapped version, Wrapped Russell 2000 Tokenized ETF (xStock) (wIWMx), exists and trades on various platforms. Related tokenized products referenced in materials include Ishares Russell 2000 Value ETF rStock (RIWN), Global X Russell 2000 ETF (RSSL), Invesco Russell 2000 UCITS ETF Acc, and Invesco Russell 2000 Dynamic Multifactor ETF. The product is listed on multiple exchanges, with trading pairs including IWMX/USD, IWMX/BTC, and IWMX/ETH. The ecosystem continues to develop as part of the broader tokenized stock sector.
IWMX is not mined through proof-of-work or staking consensus. Instead, new tokens are minted against custody: IWMX tokens are created only when corresponding IWM ETF shares are deposited with the custodian network, which includes Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG. Tokens are burned on redemption. This minting-against-custody model means there is no traditional mining or staking mechanism. Supply is elastic and tracks demand, with no fixed maximum. Holders who wish to obtain IWMX can acquire it on supported trading platforms or through the issuance process by depositing IWM shares with the custodian network, subject to eligibility restrictions for non-US persons.
Store IWMX in a wallet that supports Solana token-2022 program standard assets or ERC-20 tokens, depending on which version you hold. For long-term storage, consider using a hardware wallet that supports the relevant blockchain. Always verify contract addresses before interacting with any token: the Solana contract address is XsbELVbLGBkn7xfMfyYuUipKGt1iRUc2B7pYRvFTFu3, and the Ethereum ERC-20 contract address is 0xdadfb355c6110eda0908740d52c834d6c2bcddc7. Never share your private keys or seed phrase with anyone. Be cautious of phishing attempts and fake tokens. Since IWMX is not registered under the US Securities Act of 1933, US persons are excluded, and UK clients are limited to validated professional clients. Redemption access follows the same eligibility rules. Investing in crypto-assets carries significant market risk, including extreme volatility and potential loss of capital.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for IWMX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Russell 2000 Tokenised ETF (xStock) (IWMX) is $281.18. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated IWMX to USD rate at the top of BTCC’s price page. In terms of market scope, Russell 2000 Tokenised ETF (xStock) records a 24h trading volume of $7.77K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $637.45K. Its current circulating supply stands at 2.27K out of a maximum supply cap of ∞.
The price volatility of Russell 2000 Tokenised ETF (xStock) (IWMX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (2.27K) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Russell 2000 Tokenised ETF (xStock) (IWMX) hit an all-time high (ATH) of $306.42 on 2026-08-15 03:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $277.56 on 2026-05-01 07:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading IWMX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($7.77K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s IWMXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Russell 2000 Tokenised ETF (xStock), simply log into your BTCC account with USDT margin available, navigate to the IWMXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for IWMXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $281.18), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for IWMXUSDT with zero financial risk.
Trading Russell 2000 Tokenised ETF (xStock) (IWMX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for IWMXUSDT, and review its live price ($281.18) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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