Bitwise launches Lighter Staking ETP for exchange-traded exposure to LIT

Bitwise: Bitwise is a crypto-focused asset manager that develops and lists exchange-traded products on European venues including Deutsche Börse Xetra. The firm has built a suite of staking ETPs providing exposure to various digital assets and their associated yields. It recently launched the Lighter Staking ETP as its latest addition in this product line. Lighter Staking ETP: The Lighter Staking ETP, listed under ticker BLIT, is a physically backed product issued by Bitwise Europe that tracks the performance of the LIT token. It is designed to deliver exchange-traded exposure to the Lighter network while enabling investors to access potential staking returns through the ETP structure. The product lists on Deutsche Börse Xetra and follows the Kaiko Lighter Reference Rate Index. Kaiko Lighter Reference Rate Index: The Kaiko Lighter Reference Rate Index is a benchmark price reference developed by Kaiko Indices for the LIT token, used in the valuation and NAV calculation of exchange-traded products. Kaiko specializes in providing regulated, manipulation-resistant reference rates that support institutional crypto ETPs and derivatives. This index forms the core pricing mechanism for the new Bitwise Lighter Staking ETP. Product Launch: Bitwise has introduced a new staking ETP on Xetra that gives traditional investors access to the LIT token of the Lighter decentralized exchange platform. Platform Context: Lighter operates as an on-chain derivatives venue supporting perpetual futures on both cryptocurrencies and traditional assets such as major equities.