Originally published on: December 12, 2024
Grayscale Investments has unveiled two exciting new investment opportunities for those looking to dive into the world of cryptocurrency. The Grayscale Lido DAO Trust and Grayscale Optimism Trust are now available, offering exposure to Lido and Optimism’s governance tokens – LDOLDO and OPOP, respectively.
These funds provide investors with access to Ethereum’s largest liquid staking token protocol and a popular layer-2 scaling solution. According to Rayhaneh Sharif-Askary, Grayscale’s head of product and research, Lido is revolutionizing staking on Ethereum, while Optimism is instrumental in helping Ethereum scale to compete with other blockchains.
The trusts are strategically designed to provide investors with exposure to protocols that are enhancing Ethereum’s efficiency, security, scalability, and adoption within the DeFi ecosystem. Lido, boasting nearly $40 billion in total value locked, is the largest decentralized finance protocol by TVL. Optimism, with approximately $800 million in TVL, is a leading L2 network that is widely used by other projects.
Grayscale’s latest offerings join an impressive suite of single-asset crypto investment products, including a fund for Aave’s governance token and trusts for various altcoins. As the world’s largest crypto fund manager, Grayscale continues to expand its offerings to meet the evolving needs of the market.
For qualified investors looking to explore the world of cryptocurrency, these new investment funds from Grayscale could be just the opportunity they’ve been waiting for. Stay tuned for more updates on the exciting developments in the crypto space.
