Key Takeaways:
- New Funds Launched: Grayscale introduced Lido DAO Trust and Optimism Trust, targeting LDO and OP tokens to expand its institutional crypto product lineup.
- Focus on Ethereum Ecosystem: The funds highlight Ethereum’s scalability and staking via Lido’s liquid staking and Optimism’s layer-2 scaling solutions.
- Ongoing Growth: Grayscale remains the largest crypto fund manager with nearly $35 billion in AUM, continuously expanding its single-asset and ecosystem-focused offerings.
Grayscale Investments has launched two new funds focused on Lido (LDO) and Optimism (OP) tokens, further diversifying its range of single-asset crypto investment products.
Announced on December 12, these funds target Ethereum’s largest liquid staking protocol, Lido, and the prominent layer-2 scaling solution, Optimism.
We are proud to announce two new single-asset crypto investment funds, Grayscale Lido Trust $LDO and Grayscale Optimism Trust $OP.
— Grayscale (@Grayscale) December 12, 2024
Available to eligible accredited investors.
Read the press release: https://t.co/bHovqCxRaL pic.twitter.com/PUpKjTTE7A
The initiative aims to provide institutional investors exposure to projects enhancing Ethereum’s scalability, security, and broader decentralized finance (DeFi) adoption.
Lido facilitates liquid staking by issuing tradeable tokens representing staked Ether (ETH) and currently leads all DeFi protocols with nearly $40 billion in total value locked (TVL).
Optimism, with approximately $800 million in TVL, is recognized for its innovative layer-2 scaling technology, which underpins the “superchain,” a network improving Ethereum’s scalability and interoperability.
These funds join Grayscale’s expanding suite of single-asset crypto products, available exclusively to qualified investors.
In 2023, Grayscale introduced funds for AAVE, Sky, Bittensor, and Sui tokens, and has added assets like Dogecoin (DOGE) and Worldcoin (WLD) to its consideration list for future offerings.
As the world’s largest crypto fund manager with $35 billion in assets under management, Grayscale’s flagship products—the Bitcoin Trust (GBTC) and Ethereum Trust (ETHE)—remain critical, alongside its ongoing push for ETF approval in the U.S.
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