Grayscale Investments, one of the largest asset managers, has done just that announced the launch of two new investment products to expand the offering list for its customers.
These products are specifically designed to provide investors with direct exposure to two of the most important protocols within the Ethereum ecosystem, Lido DAO and Optimism, aimed at improving the scalability and efficiency of the network.
Grayscale will offer investors products that provide exposure to the governance tokens of Lido DAO, LDO and Optimism Protocol, OP. Both tokens provide solutions to expand and improve the Ethereum ecosystem.
Optimism, an L2 blockchain, can help Ethereum scale by reducing network congestion and providing users with cheaper and more efficient transactions. While Lido, a liquid staking solution, can help secure the Ethereum network and enable the growth of DeFi.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, noted that Lido can help democratize staking on Ethereum, while optimism is critical for Ethereum to scale and compete with newer and faster L1 blockchains.
“Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to protocols that help increase Ethereum efficiency, security, scalability and adoption within the broader DeFi ecosystem – and play a critical role in the Ethereum story,” he added to.
The Trusts are now open for daily subscription by eligible individual and institutional accredited investors. The Trusts function as Grayscale’s existing suite of single-asset investment trusts, investing exclusively in the token underlying the Lido Protocol (LDO) and the Optimism Protocol (OP).
The products are available to accredited investors, both individual and institutional, and work similarly to other single-asset mutual funds offered by Grayscale, such as Bitcoin and Ethereum funds.
With this move, Grayscale aims to strengthen its presence in the crypto market and DeFi sector, capitalizing on the rising demand for technology solutions that improve the performance and accessibility of Ethereum.