Dec 13, 2024
6thTrade
Grayscale has introduced two new investment products, the Grayscale Lido DAO Trust and Grayscale Optimism Trust, aimed at accredited investors. Announced on December 12, 2024, these vehicles are designed to enhance the Ethereum ecosystem by providing exposure to governance tokens from Optimism Protocol (OP) and Lido DAO (LDO).
The launch, detailed in a press release, highlights Grayscale's focus on supporting Layer 2 solutions like Optimism, which aim to alleviate congestion on the Ethereum network. This, according to the firm, will lead to cheaper transactions and increased network efficiency.
Grayscale Lido DAO Trust offers investors access to LDO, the governance token of Lido, which facilitates staking solutions aimed at improving Ethereum’s security and accessibility. The trust aligns with Grayscale's portfolio of financial crypto assets, which are focused on enabling transactions and financial services across the blockchain.
Rayhaneh Sharif Askary, Grayscale’s head of product and research, commented on the launch, stating that Lido plays a significant role in democratizing staking on Ethereum while Optimism enhances Ethereum’s scalability, allowing it to compete with faster, first-generation blockchains.
The trusts are available for daily subscription by qualified institutional and individual accredited investors. They form part of Grayscale’s larger suite of single-asset investment trusts, exclusively investing in the governance tokens of the respective protocols.
Grayscale ensures that its private placements remain exclusive to accredited investors, adhering to Regulation D of the amended Securities Act of 1933.
This initiative follows Grayscale's report on the impressive performance of their new placement products launched in 2024, including the Grayscale Sui Trust which saw returns exceeding 420% since its inception on January 1, and the Grayscale XRP Trust which has yielded returns of 321% since its launch in May. The Grayscale Avalanche Trust also reported a 93% return since its launch.