Grayscale Launches Lido and Optimism Funds

Grayscale Investments has rolled out two new investment funds.

Background

• One fund is dedicated to Lido’s governance token, LDO, while the other is dedicated to Optimism’s OP
• Both these funds join Grayscale’s single-asset investment products
• They typically cater to institutional and high-net-worth investors
• This means, you’ve to be an individual with a net worth of at least $1 million
• Alternatively, you could have an income over $200,000 (individually) or $300,000 (household)

Why should you pay attention?

• The new trusts are available for daily subscriptions
• Eligible individual and institutional accredited investors can be exposed to the tokens without directly holding them
• OP and LDO were both a part of the top gainers’s list at press time
• The assets had registered pumps of more than 8% over the past 24 hours

Who said what?

• Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement,

"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”

• He added,

“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”

Zooming out

• The Lido DAO Trust falls under Grayscale’s “Financials Crypto Sector"
• This category focuses on assets related to financial transactions and services
• On the other hand, the Optimism Trust falls under the “Smart Contract Platforms Crypto Sector”
• This sector is dedicated to protocols fostering decentralized transactions and apps