Grayscale Investments has announced two new cryptocurrency investment funds. The asset management now provides exposure to the Lido LDO and Optimism OP tokens, broadening Grayscale's increasing portfolio of cryptocurrency offerings.
Lido is Ethereum's biggest liquid staking protocol, with over $40 billion in total worth locked up. Optimism, a popular layer-2 network, has over $800 million in TVL. Both play critical roles in increasing Ethereum's efficiency and scalability. The new trusts aim to give investors access to protocols that benefit Ethereum's ecosystem. They are exclusively intended for qualified investors. Grayscale's head of product and development emphasized the significance of these protocols in democratizing staking and scaling Ethereum.
These funds join Grayscale's existing cryptocurrency offerings. New additions include an Aave token fund and trusts for Sky, Bittensor, and Sui. The business is also investigating 35 other altcoins for future products.
Grayscale remains the world's largest cryptocurrency fund manager, managing around $35 billion in assets. The company is well-known for its Bitcoin and Ethereum ETFs. US regulators are considering Grayscale's multi-crypto ETF, which would broaden the company's reach in the crypto investment industry.
