SPDR S&P 500 ETF Trust
The benchmark American index. Up roughly 410% in INR terms over the last decade.
Live price · SPY
₦990,582@ ₦1,354.66/USD
Fund with USDT or NGN · settles in seconds
52-week range
$561.70 – $736.13
₦760,913 – ₦997,206
Today's range
$729.76 – $736.13
Open $735.05 · Prev $733.83
200-day avg
$672.40
50-day $682.55
If you had bought
₦100 in SPY, 5 years ago.
In naira terms — combining the underlying's US-dollar return with the naira's depreciation against the dollar over the period. Past performance is not a guarantee of future results.
SPYx returns are illustrative, derived from public end-of-day SPY closes and approximate historical ₦/$ rates.
Buy in naira
Buy SPYx from ₦5,000.
Fractional from $1. Fund with USDT direct, or naira via Onramper — own a tokenised share at the live US market price 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
- Tokenised 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 collateralised 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 tokenised 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 from Nigeria?+
Two reasons. (1) Self-custody: Bamboo, Chaka, and Trove hold your shares at a US broker on your behalf — your name is on a contract, not on the share. With Lume, the token sits in your own Solana wallet; you hold the keys. (2) CBN-resilient rails: even when CBN tightens bank-to-crypto flows, your assets stay in your wallet and trade freely on-chain. Off-ramp via Onramper recovers as policy stabilises.
What about Nigerian taxes on SPYx?+
Capital gains on disposal of digital assets are generally taxable under Nigerian Capital Gains Tax law at 10%. You are responsible for reporting gains under your personal tax returns. Onramper handles its own tax obligations on the FX side. This is general information, not tax advice — consult a Nigerian tax adviser for your specific situation.
What if Lume disappears?+
Your tokens live in your own Solana 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 domiciliary account. No broker holding your shares. No CBN bottleneck. Sign in, fund with USDT or naira, own SPYx in your own wallet.