Grayscale Investments Unveils Lido DAO and Optimism Trusts

TL;DR

• Grayscale has launched the Grayscale Lido DAO Trust and the Grayscale Optimism Trust.

• Lido DAO’s LDO is up 8% in the last 24 hours, while OP added 2% to its value. 

Grayscale Lido DAO Trust and the Grayscale Optimism Trust Are Now Available to Investors

Grayscale Investments announced on Thursday that it has launched two new cryptocurrency investment vehicles, the Grayscale Lido DAO Trust and the Grayscale Optimism Trust.

This latest development provides institutional and accredited investors with exposure to tokens central to the Ethereum ecosystem. Lido DAO and Optimism are important projects within the Ethereum ecosystem as they address two critical areas for Ethereum’s growth: scalability and staking accessibility.

While commenting on the launch, Grayscale Head of Product & Research Rayhaneh Sharif-Askary said,

"Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to protocols helping to increase Ethereum's efficiency, security, scalability, and adoption within the broader DeFi ecosystem.”

Grayscale added that the new trusts are now available for daily subscriptions. The digital assets investment firm is offering eligible individual and institutional accredited investors exposure to LDO and OP tokens without directly holding the assets. 

The  Lido DAO and Optimism Trusts have joined Grayscale’s single-asset investment product suite. The Lido DAO Trust is categorized under Grayscale’s “Financials Crypto Sector,” comprising assets focused on financial transactions and services. 

The Optimism Trust falls under the “Smart Contract Platforms Crypto Sector,” which targets protocols supporting dApps and decentralized transactions. Grayscale will invest directly in LDO and OP on the investors' behalf. The products are only available to accredited investors (individuals with a net worth of at least $1 million or a combined household income of $300,000.). 

LDO, Lido DAO’s native coin, added 8% to its value over the last 24 hours and now trades at $2.25. Meanwhile, Optimism’s OP is up 2% during that period and trades at $2.53