Back to collectionBitwise Lists a Physically Backed Lighter ETP
The Xetra-listed product tracks LIT, while staking remains inactive until sufficient assets accumulate.
Bitwise Europe announced on September 23 that its Lighter Staking ETP, ticker BLIT and ISIN DE000A4AV9T5, had listed on Deutsche Börse Xetra. The secured debt product tracks the Kaiko Lighter Reference Rate and is backed by LIT tokens held in cold storage. Its stated annual expense ratio is 0.85%.
Despite the name, Bitwise says staking has not started. It plans to activate staking only after the product reaches enough assets for efficient operation; until then, holders receive price exposure to LIT without staking returns. The listing adds a brokerage-access route to the token, but does not remove market, liquidity, custody or regulatory risk.