# Bitwise Debuts Europe's First LIT Token ETP with 0.85% Fee

Regulated crypto exposure without wallet management launches on Deutsche Börse Xetra.

- **Source:** [CryptoNinjas](https://brifing.si/source/1b474a6a-b607-4f1e-8706-b192b0c6d750)
- **Published:** 2026-09-24
- **Topic:** [Finance](https://brifing.si/c/finance)
- **Original article:** <https://www.cryptoninjas.net/news/bitwise-launches-first-lighter-etp-with-0-85-fee-bringing-lit-to-european-markets/>
- **On Brifing:** https://brifing.si/s/1bb7a673-a9e9-4b2e-8e91-c1ca429d17cc

## First European LIT ETP

Bitwise launched BLIT, the first European exchange-traded product tracking Lighter's native LIT token, listed on Deutsche Börse Xetra. The ETP carries a 0.85% annual fee and is fully collateralized by LIT tokens held in cold storage. This provides investors crypto exposure without requiring wallet management or private key control. The product targets traditional brokerage users seeking regulated access to crypto assets through conventional investment accounts.

## Deferred staking mechanism

While named a 'Staking ETP', BLIT currently doesn't generate staking rewards. Bitwise clarified staking will activate once the product accumulates sufficient assets under management to make the process efficient. Future staking rewards will be credited daily and reflected in the ETP's crypto exposure. This phased approach balances operational feasibility with the promise of yield generation, though initial investors only gain price exposure.

## Lighter's hybrid trading vision

The underlying Lighter platform combines crypto derivatives with traditional assets like Apple and Tesla perpetual futures on blockchain. Its unique model eliminates retail trading fees, generating revenue solely from professional market makers and liquidations. LIT token aligns platform participants and supports ecosystem economics. BLIT's launch extends this infrastructure to traditional investors through regulated vehicles.

## Bitwise's ETP expansion

BLIT follows Bitwise's April launch of a Hyperliquid Staking ETP in Europe, marking the firm's strategic push into blockchain-based trading products. Both ETPs provide exposure to decentralized platform tokens while abstracting away direct crypto infrastructure complexities. This dual-product approach captures different segments of the evolving digital asset market through regulated investment vehicles.

## Investor risk disclosures

Bitwise explicitly warns that BLIT may not perfectly track LIT's price and carries standard crypto risks: extreme volatility, liquidity constraints, custody vulnerabilities, regulatory shifts, and network risks. The prospectus notes investors could lose some or all capital. These disclosures highlight the product's position as a higher-risk instrument despite its regulated wrapper and institutional-grade custody solutions.

## European crypto accessibility

BLIT represents a significant step in bridging traditional finance with crypto markets in Europe. By eliminating wallet setup and key management hurdles, it lowers the technical barrier for mainstream investors. The Deutsche Börse listing provides familiar exchange infrastructure, while the ETP structure offers tax and operational efficiencies compared to direct crypto ownership in many European jurisdictions.

## Market positioning

The 0.85% fee undercuts many active crypto funds while remaining above passive index products. This pricing reflects BLIT's middle ground between pure price tracking and future yield generation. The fee covers custody costs, staking operations, and product development, positioning BLIT as a premium but not prohibitive option for investors seeking managed crypto exposure.

## Regulatory arbitrage opportunity

BLIT capitalizes on Europe's progressive crypto regulations while avoiding direct exposure to unregulated exchanges. The ETP structure complies with existing financial frameworks, offering institutions a compliant on-ramp to decentralized finance. This model may set a precedent for other blockchain projects seeking traditional market access without compromising their underlying technology stacks.

## Sources covering this story

- https://www.cryptoninjas.net/news/bitwise-launches-first-lighter-etp-with-0-85-fee-bringing-lit-to-european-markets/ — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._