Lighter price gains as Bitwise launches LIT staking ETP on Xetra

Bitwise expanded its European crypto product suite on September 23, 2026, by launching the Bitwise Lighter Staking ETP on Deutsche Börse Xetra, Germany's primary electronic trading platform. The product, ticker BLIT, provides investors with regulated exchange-traded exposure to LIT, the native token of the Lighter protocol, while enabling participation in staking rewards generated on the Lighter network. Until staking is fully activated, the ETP provides price exposure to LIT only; once operational, staking yield becomes available to investors without the operational complexity of managing private keys or on-chain wallet infrastructure.

Lighter is positioned as a rapidly growing decentralized exchange built on Ethereum, differentiated from traditional centralized brokers by its blockchain-settled architecture and expanded asset class offerings. Beyond cryptocurrency trading, the platform enables users to trade perpetual futures contracts on major global equities—including Apple, Amazon, and Tesla—with continuous market access across most of the week, removing traditional geographic and time-zone restrictions inherent in conventional stock markets. All settlement and security mechanisms rely on blockchain infrastructure rather than custodial brokerage accounts, allowing global participants to gain price exposure to US equities outside regular market hours.

The LIT token snapshot reflects meaningful network adoption and validator participation. At the time of launch, LIT was trading at $2.74 with a market capitalization approaching $700 million, and approximately 65 million tokens (25% of circulating supply) were already staked, indicating robust validator economics and network security commitment. The Bitwise Lighter Staking ETP tracks the Kaiko Lighter Reference Rate Index, a reference benchmark for LIT price performance.

This launch marks Bitwise's seventh European-listed staking ETP and underscores institutional investor appetite for regulated access to crypto staking yields and emerging decentralized trading infrastructure. By offering Deutsche Börse-listed exposure, the product bridges crypto-native yield strategies with mainstream European institutional investment frameworks, addressing demand from family offices, asset managers, and hedge funds seeking exposure to blockchain-based trading protocols while maintaining custodial and regulatory clarity.