Bitwise Europe GmbH has listed the Bitwise Lighter Staking ETP, ticker BLIT, on Deutsche Börse Xetra, offering European investors exchange-traded exposure to LIT, the token of decentralised perpetual futures platform Lighter. The product, which Bitwise describes as the first crypto ETP tracking Lighter, is backed by LIT held in cold storage, tracks the Kaiko Lighter Reference Rate and charges a 0.85% annual expense ratio. BLIT launched with about $4.74 million in assets and roughly 1.01 million LIT backing its units. Although branded as a staking ETP, it currently tracks LIT's spot price only; Bitwise will begin staking once assets under management reach an undisclosed level sufficient for efficient operations. LIT traded around $5.30 on Wednesday, up nearly 5% even as Bitcoin, Ethereum, Solana and XRP declined. The token has gained more than 580% since reaching an all-time low near $0.78 at the end of March. The launch follows Bitwise's April Hyperliquid Staking ETP and expands regulated access to tokens associated with decentralised derivatives venues that combine crypto markets with price exposure to traditional assets.