Grayscale Investments has expanded its range of crypto investment products with the launch of the Lido DAO Trust and Optimism Trust.
The asset manager announced the addition of the Grayscale Lido DAO ( LDO ) Trust and the Grayscale Optimism ( OP ) Trust to its roster of crypto investment products on Dec. 13. Both products are based on governance tokens from projects that offer solutions aimed at improving Ethereum ( ETH ).
Grayscale noted that daily subscriptions to the Lido DAO and Optimism Trusts are now available to eligible accredited investors, including both individuals and institutions.
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The OP and LDO trusts come as Grayscale released a summary of how its private placement products have performed since launch. They include the Grayscale Sui Trust, which launched in August, the XRP Trust, which launched in September, and the Aave Trust, which launched in October. The products have returned 428%, 321%, and 92%, respectively, outperforming the broader crypto market, which is projecting an average return of 60% through 2024.
“Lido helps democratize staking on Ethereum, and Optimism is critical to ensuring Ethereum scales to compete with newer, faster Layer 1 blockchains,” said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale.
While individual token trusts are new, both LDO and OP are already included in Grayscale’s industry-specific products. Lido DAO is part of Grayscale’s Financial Crypto Sector, while Optimism is included in the Smart Contract Platforms Crypto Sector.
