Grayscale Launches 2 New Single-Asset Crypto Investment Funds for $LDO and $OP

Key Points

• Grayscale announced 2 new investment vehicles today: Grayscale Lido DAO Trust and Grayscale Optimism Trust.
• The firm will offer investors products providing exposure to LDO and OP.

Today, Grayscale Investments announced the launch of two new investment products to expand the offering list to its clients. The asset management firm offers more than 25 crypto investment products.

Grayscale Lido DAO Trust and Grayscale Optimism Trust Launch

Grayscale announced the launch of Grayscale Lido DAO Trust and Grayscale Optimism Trust, collectively called the “Trusts” in the official press release of the firm.

Grayscale will offer investors products providing exposure to the governance tokens of Lido DAO, LDO, and Optimism Protocol, OP. Both tokens offer solutions to expand and improve the Ethereum ecosystem.

Optimism, an L2 blockchain, can help scale Ethereum by reducing congestion on the network, offering users cheaper and more efficient transactions.

Lido, a liquid staking solution, can help secure the Ethereum network and allow the growth of DeFi.

Democratizing Staking on Ethereum and Allowing Scaling

Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, said that Lido can help to democratize staking on Ethereum , while Optimism is critical in allowing Ethereum to scale and compete with newer and faster L1 blockchains.

The 2 new Trusts will provide investors exposure to protocols that help increase Ethereum’s efficiency, security, scalability, and adoption in the broader DeFi ecosystem while playing a vital part in the story of Ethereum, he continued.

Lido which provides a liquid staking solution for Ethereum will enhance its security and make staking more accessible.

Optimism aims to resolve liquidity fragmentation via its OP tech stack, an open-source blueprint for L2 blockchains that use Optimistic Rollups to scale and reduce fees.

OP powers the Superchain, a network of interconnected, independent blockchains designed to enhance scalability.

The press release also noted that the two Trusts are now open for daily subscriptions by eligible individual and institutional accredited investors. They function like Grayscale’s existing suite of single-asset investment trusts, and will only invest in LDO and OP.