Bitwise Launches Regulated Route to Lighter Token Exposure

Bitwise Asset Management has launched a new Europe-listed exchange-traded product tied to the token of Lighter, a decentralized derivatives venue. The product, called Bitwise Lighter Staking ETP (BLIT), began trading on Deutsche Börse Xetra on Wednesday.

According to Bitwise, BLIT is fully backed by LIT held in cold storage and charges an annual expense ratio of 0.85%. The product currently tracks LIT's price but does not yet generate staking rewards.

Bitwise positioned Lighter as part of a broader strategy to list ETPs referencing decentralized finance derivatives ecosystems. The move gives traditional brokerage customers exposure to LIT without requiring them to buy or hold the cryptocurrency directly.