Bitwise Launches First Ever Exchange-Traded Product for LIT

Bitwise has launched its Bitwise Lighter Staking ETP in Europe, giving investors exposure to LIT through Xetra. The product is the world's first exchange-traded product offering exposure to LIT, described by Bitwise as a major development for European investors.

The LIT price rose 9.34% to $5.17 after the launch, with a market capitalization of about $1.29 billion and a 24-hour trading volume of near $99.34 million. This surge in activity highlights growing interest in Lighter crypto.

Bitwise thanked the Lighter community for their help in bringing ETP access to the project. The launch expands access to Lighter crypto beyond direct markets, giving investors another route into European market access.