🌎 Grayscale Expands Crypto Offerings with Lido DAO Trust

Grayscale Investments has expanded its lineup of crypto investment products with the launch of the Lido DAO Trust and Optimism Trust, further diversifying its offerings in the growing Ethereum ecosystem.

Expanding Investment Opportunities

The asset manager has added Grayscale Lido DAO Trust and Grayscale Optimism Trust to its list of crypto investment products, both of which are based on the governance tokens of projects that offer solutions aimed at improving Ethereum.

Eligibility and Subscription

Daily subscriptions for the Lido DAO and Optimism Trusts are now open to eligible accredited investors, including both individuals and institutions. This move provides investors with direct exposure to the price performance of the Lido and Optimism protocols.

Performance of Private Placement Products

Grayscale has released a summary of how its private placement products have performed since launch, including:

Grayscale Sui Trust, launched in August, with a return of 428%
XRP Trust, launched in September, with a return of 321%
Aave Trust, launched in October, with a return of 92%

These products have outpaced the broader crypto market performance, which 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, emphasized the importance of these projects in the Ethereum ecosystem.