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Bitwise has launched the first European exchange-traded product giving brokerage access to the LIT token, a move that expands its lineup tied to decentralized derivatives platforms.
The complication is the competitive backdrop. Hyperliquid is already operating in this space, and the read-through is that Bitwise is moving to capture European flow before the rival consolidates its position.
The case for the product is straightforward. It provides a regulated, familiar wrapper for an asset class that has historically been difficult for traditional European investors to access.
By linking the ETP to the LIT token, Bitwise is extending its strategy of creating products around decentralized derivatives infrastructure. This is not an isolated bet on a single token.
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