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About SP500 xStock
Analysis of 6 Jul 2026SP500 xStock (SPYX, also branded SPYx by Backed) is a tokenized tracker certificate issued by Backed Assets (JE) Limited through the xStocks platform. The product tracks SPDR S&P 500 ETF Trust (SPY), the State Street ETF designed to follow the S&P 500 large-cap U.S. equity index.
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Backed lists SPYX as both Solana SPL and ERC-20 compatible tokenized ETF exposure, with contracts visible on Ethereum, Arbitrum, BSC, and Solana through CoinGecko. As of July 6, 2026, CoinGecko showed SPYX near $750.82, about $40.9M market cap, roughly $195.2M FDV, and about $0.9M 24h volume, with circulating supply near 54,540 tokens.
The token is not a crypto protocol with independent cash flows; it is an on-chain wrapper for regulated access to a traditional ETF price.
