Bitwise Unveils Lighter-Linked ETP on Deutsche Börse Xetra

Bitwise has launched its new Lighter-linked ETP on Deutsche Börse Xetra, allowing European investors to gain listed exposure to the LIT token without directly holding it.

The Bitwise Lighter Staking ETP, trading under the ticker BLIT, carries a 0.85% annual expense ratio and is fully backed by LIT held in cold storage.

Although its name suggests staking rewards, these will only begin once the product reaches sufficient assets under management to make the process efficient, at which point BLIT will track LIT's price with staking returns.

This new ETP comes on the heels of Bitwise's Hyperliquid staking ETP introduced in Europe in April, expanding the firm's crypto lineup into tokens linked to decentralized perpetual futures venues.