Grayscale launches Lido DAO and Optimism Trust

Grayscale Investments has expanded its line of crypto investment products with the launch of the Lido DAO Trust and Optimism Trust.

The asset manager announced on December 12 that it added Grayscale Lido DAO (LDO) Trust and Grayscale Optimism (OP) Trust to its list of crypto investment products. Both products are based on governance tokens from projects that provide solutions aimed at improving Ethereum (ETH).

Grayscale noted that daily subscriptions for the Lido DAO and Optimism Trusts are now open to eligible accredited investors, including both individuals and institutions.

The OP and LDO trusts come after Grayscale published a summary of how its private placement products have performed since its launch. It includes Grayscale Sui Trust, which launched in August, XRP Trust in September, and Aave Trust in October. The products returned 428%, 321%, and 92%, respectively, outperforming the broader crypto market, which averaged returns 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,” said Rayhaneh Sharif-Askary, head of product and research at Grayscale.

Although individual token trusts are new, both LDO and OP are already included in Grayscale’s industry-specific products. Lido DAO is part of Grayscale’s Financial Crypto Sector while Optimism is included in the Smart Contract Platforms Crypto Sector.

This launch expands opportunities in the growing Ethereum ecosystem by providing investors with direct exposure to the price performance of the Lido and Optimism protocols.