Bitwise Launches Lighter Staking ETP on Deutsche Börse Xetra

Bitwise has launched its Bitwise Lighter Staking ETP (BLIT) on Deutsche Börse Xetra. The product tracks LIT, Lighter's native token, and is fully backed by LIT held in cold storage. BLIT carries a 0.85% annual expense ratio and can be purchased through a regular brokerage account without the need for a wallet or gas.

Bitwise said that staking will begin once BLIT reaches enough assets under management to make the process efficient, and until then it will track LIT's price without generating staking returns. The product held roughly $4.74 million in assets backed by 1.01 million LIT at launch.

The launch of BLIT follows Bitwise's Hyperliquid staking ETP in Europe in April and is part of the company's expansion into decentralized derivatives platforms. Lighter operates as an Ethereum-based decentralized exchange focused on perpetual futures, using zero-knowledge proofs to verify trades while allowing users to keep custody of their assets.