LIT Price Jumps 12% as Bitwise Launches Lighter Staking ETP

Points clés

• LIT price rises 9.34% after Bitwise launches the first Lighter staking ETP for European investors.
• Lighter crypto gains new exposure through Bitwise’s Xetra-listed product for LIT.
• Robinhood Wallet offers eligible Lighter traders double points on qualifying perpetual activity.

LIT price rose 9.34% to $5.17 after Bitwise launched Europe’s first Lighter crypto staking ETP. It gives European investors exposure to LIT through Xetra. The product adds a listed route as Lighter crypto gains attention from investment and trading platforms. The launch brings fresh attention to LIT now.

Bitwise Launches Lighter Staking ETP

Bitwise has launched the Bitwise Lighter Staking ETP. It gives European investors a new way to gain exposure to LIT. Bitwise described the product as the world’s first exchange-traded product offering exposure to LIT. The launch brings Lighter crypto into a listed investment product that European investors can trade through the exchange.

Lighter is a decentralized perpetual futures exchange running on Ethereum. It uses a custom zero-knowledge rollup to process its activity. Every trade and liquidation can be independently verified on-chain. This feature is central to how Lighter presents its trading infrastructure.

LIT serves as Lighter’s governance and staking token. The new ETP therefore gives investors exposure to the token while using an exchange-traded structure. The launch expands access to Lighter crypto beyond direct markets. Bitwise thanked the Lighter community for helping bring ETP access to the project.

The product is now trading on Xetra and is available to European investors. The move gives the token another route into European market access for investors. The announcement did not provide details about the product’s size or fees.

LIT Price Climbs 9% After Product Launch

The LIT price moved sharply higher after the Bitwise announcement. CoinMarketCap data showed LIT trading at $5.17, up 9.34% over 24 hours. The token had a market capitalization of about $1.29 billion. Its 24-hour trading volume stood near $99.34 million, up 29.4%.

LIT’s volume represented about 7.58% of its market capitalization. The token had a fully diluted valuation of roughly $5.17 billion. Lighter has a total and maximum supply of 1 billion LIT. Circulating supply stood at 250 million, with about 9,090 holders.

The price move came alongside higher market activity around LIT. However, the supplied data does not establish that the ETP launch alone caused the full price increase. Still, the timing puts the Bitwise product at the center of the LIT price move. The launch gives European investors a listed route to gain exposure to the token. For Lighter crypto, the development adds another market access point.

Lighter Crypto And Robinhood Add More Market Attention

Bitwise was not the only company highlighting Lighter recently. Robinhood Crypto shared an update involving Lighter perpetual trading through Robinhood Wallet. Eligible Robinhood Wallet users trading perpetuals on Lighter can earn double Lighter points. Robinhood said the offer applies when Lighter distributes points for eligible perpetual trading activity.

Under the offer, eligible Robinhood Wallet traders receive twice the points from that activity. Robinhood also noted that terms apply to the program. The update gives Lighter another connection with a major crypto platform. Lighter itself is built for decentralized perpetual futures trading on Ethereum. Its custom zero-knowledge rollup supports independent on-chain verification of trades and liquidations.

Together, the Bitwise ETP and Robinhood Wallet update show two different routes for wider Lighter exposure. One focuses on listed investment access, while the other focuses on trading activity. The developments also give the LIT price more market attention. With LIT trading at $5.17, investors are watching whether interest around the project continues.

Notably, the key changes are clear, as Bitwise launched the first LIT-focused staking ETP. LIT gained 9.34% in 24 hours. Robinhood is offering eligible traders double Lighter points under its current points offer.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and ETP investments involve market risk.

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