Bitwise launches Lighter (LIT) spot ETP on Xetra

Bitwise Europe has listed the Bitwise Lighter Staking ETP (BLIT) on the German electronic trading platform Xetra. The product tracks the native token LIT of the decentralized perpetual futures exchange Lighter. While the ETP includes 'staking' in its name, staking is not currently active, and the product only tracks price movements. Bitwise plans to enable staking once assets under management reach a sufficient level. Lighter is built on Ethereum as a ZK-rollup, utilizing zero-knowledge proofs for order matching and liquidation.