Grayscale launches Lido DAO and Optimism Trusts: On December 12, 2024, Grayscale Investments unveiled the Lido DAO (LDO) Trust and Optimism (OP) Trust, expanding investment opportunities in Ethereum. This strategic move is aimed at providing direct exposure to the governance tokens of each protocol.
Trusts benefit Ethereum ecosystem: The Lido and Optimism Trusts focus on improving Ethereum’s staking and scaling capabilities. Rayhaneh Sharif-Askary noted the importance of these projects in maintaining Ethereum’s competitive edge against faster Layer 1 blockchains.
Strong performance of Grayscale products: Grayscale’s recent private placement products have achieved returns of 428%, 321%, and 92%. These figures significantly surpass the crypto market’s average return of 60% in 2024, showcasing Grayscale’s impressive investment strategies.