Bitwise Launches First Lighter ETP With Staking Planned

Bitwise has launched the Bitwise Lighter Staking ETP (BLIT) on Deutsche Börse Xetra with a 0.85% TER, providing exposure to LIT, the native token of decentralized trading platform Lighter. Fully backed by LIT tokens, the product tracks the Kaiko Lighter Reference Rate Index and is accessible through regular brokerage accounts. Lighter offers on-chain derivatives linked to cryptocurrencies and traditional assets, including perpetual futures tied to major U.S. stocks. Staking will begin only once the ETP reaches sufficient assets to support efficient operations. Until then, BLIT provides price exposure only. Once activated, any staking rewards would accrue daily and increase the cryptocurrency entitlement per unit.