The new funds add to Grayscale’s expanding suite of single-asset crypto products.
Grayscale Investments launched two new investment funds for Lido and Optimism’s governance tokens, LDO (LDO) and OP (OP), the asset manager said on Dec. 12.
Grayscale Lido DAO Trust and Grayscale Optimism Trust offer exposure to the native tokens of Ethereum’s largest liquid staking token (LST) protocol and one of its most popular layer-2 (L2) scaling solutions, respectively.
“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 and research, said in a statement.
