- Two new cryptocurrency investment vehicles, the Grayscale Lido DAO Trust and the Grayscale Optimism Trust, have been introduced by Grayscale.
The Grayscale Lido DAO Trust and the Grayscale Optimism Trust are two new cryptocurrency investment vehicles that Grayscale Investments has announced would give accredited and institutional investors access to tokens that are essential to the Ethereum ecosystem.
Targeting the governance tokens of Lido DAO and Optimism, the trusts were introduced on Thursday, marking Grayscale’s ongoing foray into Ethereum-related businesses. Scalability and staking accessibility are two crucial areas for Ethereum’s expansion that are addressed by these technologies.
Investors are exposed to protocols that support Ethereum’s efficiency, security, scalability, and adoption within the larger DeFi ecosystem through the Grayscale Lido DAO Trust and Grayscale Optimism Trust.
Opportunities for accredited investors to invest
The new trusts, which expose qualified individual and institutional accredited investors to LDO and OP tokens without requiring them to own the assets directly, are currently available for daily subscriptions. These vehicles are part of Grayscale’s line of single-asset investment products, which are designed for high-net-worth and institutional investors that want safe, regulated exposure to cryptocurrency assets.
The Lido DAO Trust is within Grayscale’s Financials Crypto Sector, which includes assets centered around financial services and transactions. The Optimism Trust, on the other hand, is a part of the Smart Contract Platforms Crypto Sector, which focuses on protocols that facilitate decentralized apps and transactions.
According to Grayscale, the trusts will make direct investments in both coins on behalf of the investors. Grayscale explained that only accredited investors—those with a net worth of at least $1 million or a combined household income of $300,000—are eligible for these offers.
OP price rose more than 11% to $2.58 in the last day, while the LDO price rose more than 20% to $2.28.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
