Tokenized Global X Copper Miners ETF ($COPX) Now Available on Solana

Backpack expands its tokenized securities lineup on Solana with the Global X Copper Miners ETF ($COPX). Each $COPX token is tradable 24/7 and redeemable 1:1 for a traditional share of the Global X Copper Miners ETF (NYSE Arca: COPX) through Backpack Securities.

Token details

About the Global X Copper Miners ETF

Global X Copper Miners ETF (NYSE Arca: COPX) is an exchange-traded fund managed by Global X Management Company that holds shares in copper mining companies around the world, including those working in exploration and refining. It aims to track, before fees and expenses, the price and yield performance of the Solactive Global Copper Miners Total Return Index. The fund keeps at least 80 percent of total assets in securities from that index and in depositary receipts based on them, and it is non-diversified, meaning it can hold larger positions in a smaller number of companies than a diversified fund.

Moving between $COPX and traditional COPX shares

$COPX and traditional Global X Copper Miners ETF (NYSE Arca: COPX) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of the Global X Copper Miners ETF from Backpack Exchange to tokenize it into $COPX on Solana.

Deposit $COPX from a Solana wallet to Backpack Exchange to convert it back into the underlying COPX share held in Backpack Securities.

How to trade $COPX

You can trade Backpack-issued $COPX on Solana using Backpack Wallet.

$COPX is also accessible across the Solana ecosystem, including decentralized exchanges, aggregators, wallets, and apps such as Backpack, fomo, Titan, Jupiter, Phantom, Solflare, Raydium, Kamino, and others.

Unlike most tokenized stocks that only track a price, tokenized securities issued by Backpack, including $COPX, are:

• Redeemable 1:1 for real underlying shares
• Transferable to traditional brokerages