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
