Bitwise launches Lighter ETP on Deutsche Börse Xetra

Bitwise has launched the Bitwise Lighter Staking ETP (BLIT) on the Deutsche Börse Xetra exchange. The product tracks the performance of the LIT token from the decentralized derivatives platform Lighter. It carries an annual fee of 0.85% and is backed by LIT held in cold storage. While the name includes "staking," the company stated that yield generation features are not yet active and will only be implemented once assets under management reach a sufficient scale.