SPDR S&P 500 ETF Trust
The benchmark American index. Up roughly 410% in INR terms over the last decade.
52-week range
$561.70 – $736.13
₹52,940 – ₹69,380
Today's range
$729.76 – $736.13
Open $735.05 · Prev $733.83
200-day avg
$672.40
50-day $682.55
If you had bought
₹100 in SPY, 5 years ago.
In rupee terms — combining the underlying's US-dollar return with the rupee's depreciation against the dollar over the period. Past performance is not a guarantee of future results.
SPYx returns are illustrative, derived from public end-of-day SPY closes and approximate historical ₹/$ rates.
Buy in rupees
Buy SPYx from ₹500.
Fractional from $1. Fund your Lume wallet with UPI through Onramp, then own a tokenized share at the live US market price — all in under three minutes.
About SPY
SPDR S&P 500 ETF Trust
The trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
Underlying
- Symbol
- SPY
- Tokenized as
- SPYx
- Issuer
- Backed Finance
- Category
- Index ETF
- Sector
- Index ETF
- Exchange
- NYSEArca
SPYx FAQ
Honest answers about SPYx.
What exactly is SPYx?+
SPYx is an on-chain token that tracks the price of SPDR S&P 500 ETF Trust (SPY). Each token is collateralized 1:1 by the underlying index etf, issued by Backed Finance AG and held in licensed Swiss custody.
Is owning SPYx the same as owning SPY?+
Economically, the token tracks the underlying price. Legally, you own a tokenized representation — not the underlying security itself. You do not have shareholder rights, voting rights, or rights against the issuing company. Dividends, where applicable, are passed through under the issuer's mechanism.
How is SPYx priced?+
The on-chain price tracks the underlying market price via market makers and oracles. During US market hours the spread is typically tight; outside US hours and on weekends, the on-chain price is set by on-chain liquidity and may diverge from the last close.
Why use Lume to hold SPYx instead of buying SPY through an Indian broker?+
The Lume route is faster end-to-end — sign in with email, fund with UPI, own. No Demat, no LRS quota, no T+2 wait. The tradeoff: you take on self-custody responsibility, and you handle your own Indian capital-gains filing (Onramp deducts the 1% TDS at source).
What about Indian taxes on SPYx?+
Tokenized assets fall under India's Virtual Digital Asset (VDA) framework. Gains are taxed at 30% with 1% TDS above prescribed thresholds. Treatment is evolving — consult a qualified Indian chartered accountant for your specific situation.
What if Lume disappears?+
Your tokens live in your own wallet — not in Lume's custody. Even if Lume's interface went offline tomorrow, your SPYx would remain in your wallet and could be redeemed or traded through any other interface that supports the underlying token.
Hold SPYx.
In three minutes.
No Demat. No LRS quota. No T+2. Sign in, fund with UPI, own SPYx in your own wallet.