After the launch of the new funds, the number of such trusts in Grayscale’s portfolio will reach 25. The company’s head of product and research, Ryahaneh Sharif-Askary, said that LDO and OP tokens were chosen for their great contribution to the development of the Ethereum ecosystem:
“Lido is helping to democratize Ethereum staking, and Optimism has been one of the major network scaling solutions that has allowed the blockchain to compete with newer, faster blockchains. Grayscale Lido DAO Trust and Grayscale Optimism Trust will provide investors with access to investments in projects that increase the efficiency, security, scalability and adoption of Ethereum in the decentralized finance ecosystem.”
Currently, the Lido protocol has about $40 billion locked in, making it the largest decentralized finance protocol by this metric. About $800 million is blocked in the Optimism decision.
At the beginning of the month, Grayscale registered an application to launch a spot ETF for the Solana cryptocurrency.
Source: Bits
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