#Lıt There’s another new catalyst.
From September 16 to 22, #lighter funded LIT share repurchases with about $653,000 in transaction fee rebates, and Robinhood will also put 40% of that week’s revenue into it.
More importantly, on September 23, Bitwise launched BLIT on Xetra, tracking the Kaiko index, adding another channel for LIT trading exposure to the market. Going forward, if the asset size meets the criteria, it also plans to obtain staking rewards.
Over the past 24 hours, LIT is up about 10%. Don’t rush to chase it in the short term—focus instead on whether the buyback can be sustained and on the subsequent size of funds under BLIT.
From September 16 to 22, #lighter funded LIT share repurchases with about $653,000 in transaction fee rebates, and Robinhood will also put 40% of that week’s revenue into it.
More importantly, on September 23, Bitwise launched BLIT on Xetra, tracking the Kaiko index, adding another channel for LIT trading exposure to the market. Going forward, if the asset size meets the criteria, it also plans to obtain staking rewards.
Over the past 24 hours, LIT is up about 10%. Don’t rush to chase it in the short term—focus instead on whether the buyback can be sustained and on the subsequent size of funds under BLIT.