2024-12-12 20:40:07
World’s Largest Digital Asset Manager Announces Fund Launch for Two Surprise Altcoins
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Grayscale Investments has introduced the Grayscale Lido DAO (LDO) Trust and Grayscale Optimism (OP) Trust, two new crypto investment vehicles aimed at providing institutional and accredited investors with exposure to key Ethereum ecosystem tokens. Announced today, these trusts target Lido DAO’s governance token (LDO) and Optimism’s native token (OP), both of which play critical roles in Ethereum’s ongoing development. Lido DAO focuses on staking accessibility, while Optimism addresses Ethereum’s scalability through its Layer-2 solution. “The Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to protocols that are helping to increase Ethereum’s efficiency, security, scalability, and adoption within the broader DeFi ecosystem,” said Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research. Related News: Former Binance CEO CZ Talks, This Altcoin Has Surprisingly Soared The trusts are now available for daily subscriptions, allowing eligible individual and institutional accredited investors to gain exposure to LDO and OP tokens without directly owning them. These vehicles join Grayscale’s suite of single-asset investment products designed to offer safe and regulated crypto exposure for high-net-worth and institutional clients. Grayscale explained that these investment vehicles are only available to accredited investors, a definition that requires individuals to have a net worth of at least $1 million or a total household income of $300,000. *This is not investment advice. Continue Reading: World’s Largest Digital Asset Manager Announces Fund Launch for Two Surprise Altcoins