Grayscale launches Lido DAO and Optimism Trust

Grayscale Investments has expanded its lineup of crypto investment products with the launch of the Lido DAO Trust and Optimism Trust.

The asset manager announced on Dec. 12 that it had added Grayscale Lido DAO (LDO) Trust and Grayscale Optimism (OP) Trust to its list of crypto investment products. Both products are based on the governance tokens of projects that offer solutions aimed at improving Ethereum (ETH).

Grayscale stated that daily subscriptions for the Lido DAO and Optimism Trusts are now open to eligible accredited investors, including both individuals and institutions.

OP and LDO trusts come as Grayscale released a summary of how its private placement products have performed since launch. It includes Grayscale Sui Trust that launched in August, XRP Trust in September and Aave Trust in October. The products have returned 428%, 321% and 92% respectively, outpacing the broader crypto market performance that has an average return of 60% in 2024.

“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster Layer 1 blockchains, “Rayhaneh Sharif-Askary, Grayscale’s head of product & research, said.

Although the individual token trusts are new, both LDO and OP are already included in Grayscale’s sector-specific products. Lido DAO is part of Grayscale’s Financials Crypto Sector, while Optimism is included in the Smart Contract Platforms Crypto Sector.

This launch offers investors direct exposure to the price performance of the Lido and Optimism protocols, expanding opportunities in the growing Ethereum ecosystem.