Grayscale launches investment vehicles, Lido DAO Trust and Optimism Trust

Grayscale Investment announced the launch of two investment vehicles on December 12. Grayscale Lido DAO Trust and Grayscale Optimism Trust will offer investors exposure to the governance tokens of Optimism Protocol (OP) and Lido DAO (LDO).

The leading digital asset management firm announced the launch of Grayscale Lido DAO Trust and Grayscale Optimism Trust in a press statement on Thursday. The firm said the latest investment vehicles would help expand the Ethereum ecosystem. 

Grayscale announces the launch of two investment products for accredited investors

Grayscale highlighted that Layer 2 Blockchains, such as Optimism, would help reduce congestion on the Ethereum network. The firm noted the reduced congestion would provide users with cheaper transactions while boosting the network’s efficiency. 

The investment entity noted that Grayscale Lido DAO Trust would expose investors to LDO, Lido’s governance token. The firm added that Lido would provide staking solutions to improve Ethereum’s security by making it more accessible. 

We are proud to announce the creation of two new single-asset crypto investment funds, available through private placement: Grayscale Bittensor Trust $TAO and Grayscale Sui Trust $SUI.

Available to eligible accredited investors.

Press release: https://t.co/Xplh81KI9W

1/3 pic.twitter.com/pGcLhcZSdD

— Grayscale (@Grayscale) August 7, 2024

The investment firm noted that LDO is part of Grayscale’s financial crypto sector, which comprises crypto assets that facilitate financial transactions and services. In the press release, The firm’s head of product and research, Rayhaneh Sharif Askary, stated:

“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster Layer 1 blockchain.”

Askary added the two trusts would expose investors to protocols that would boost Ethereum’s efficiency and adoption in the broader DeFi ecosystem. He added that Optimism would also help Ethereum compete with faster Layer 1 (L1) blockchains.

Grayscale outlines the investment vehicle’s acquisition requirements 

Grayscale said both trusts are open for daily subscriptions to eligible and accredited investors and would operate as part of the firm’s existing suite of single-asset investment trusts. The two trusts would exclusively invest in Lido Protocol’s governance token(LDO) and Optimism Protocol’s governance token(OP). 

The firm also stressed that its private placements are only accessible to accredited investors, as outlined in Regulation D under the amended Securities Act of 1933. 

Meanwhile, the launch of the latest trusts comes after the firm revealed a performance summary of its new placement products launched in 2024.

Among the placement products highlighted in the report included Grayscale Sui Trust, which recorded returns of over 420% since its inception date on January 1. The company’s XRP Trust also recorded returns of 321% since its launch in May, while Grayscale Avalanche Trust recorded 93% returns. 

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