Bitwise Introduces First ETP for Decentralized Derivatives

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Bitwise has launched its first Exchange Traded Product (ETP) for European investors, providing access to the LIT token. This ETP focuses on decentralized derivatives platforms and aims to broaden investment vehicles linked to decentralized finance infrastructure.

Key facts

• Bitwise has launched its first Exchange Traded Product (ETP).
• The ETP offers European investors access to the LIT token.
• The LIT token is the native asset of the Hyperliquid network.
• The ETP is designed to provide a regulated avenue for exposure to on-chain derivatives.
• Hyperliquid is a decentralized derivatives exchange operating on its own Layer-1 blockchain.