Bitwise Lists Lighter ETP as Staking Remains Inactive
The new Xetra product charges 0.85% annually. Bitwise has not set a staking start date, and its disclosure separates the NAV start from the listing date.
Key Takeaways
- BLIT was listed on Xetra on September 23, with a 0.85% annual total expense ratio.
- The LIT-backed product is not yet staking its holdings, so investors receive no staking rewards while fees still apply.
Details
The Bitwise Lighter Staking ETP offers exposure to LIT, the token of derivatives platform Lighter. Deutsche Börse’s product record identifies BLIT as an exchange-traded note, or ETN, under ISIN DE000A4AV9T5. Its listed trading currency is euros.
Bitwise’s September 23 announcement says staking is expected to begin when assets under management are sufficient for efficient operations. It gives no numerical threshold. The issuer’s Swedish product disclosure is more explicit: whether and when staking starts has not been decided, and any start will be announced separately.
The same disclosure distinguishes September 22, the start date for net asset value calculations, from September 23, the primary listing date. These dates describe different milestones. Brokerage charges may apply in addition to the product’s TER.
Market Analysis
For now, the product’s name describes an intended feature beyond its active investment mechanics. Its current price exposure and ongoing charges can be assessed separately from possible future staking income.
The exchange record also clarifies what is being listed: an ETN linked to one cryptoasset. A stock-exchange listing does not turn that exposure into a diversified fund. The useful next update is a specific staking activation notice with operating terms, rather than an assumed yield based on the product name.
Sources
- Deutsche Börse, BLIT product record, checked September 24, 2026.
- Bitwise, September 23 launch announcement and Swedish product disclosure, linked above.
Prepared with AI assistance and checked against the cited sources. The cover is an AI-generated editorial illustration. Crypto investments can lose all their value. This report is informational, not investment advice.
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