As a seasoned crypto investor with a decade-long journey under my belt, I find the recent announcement by Grayscale Investments regarding their new Trust products for Optimism (OP) and Lido DAO (LDO) quite intriguing. Having witnessed the meteoric rise and fall of numerous digital assets, I’ve learned to keep an open mind while maintaining a healthy dose of skepticism.
According to reports, the digital asset management firm Grayscale Investments has expanded its Trust products portfolio by including Optimism (OP) and Lido DAO (LDO). The inclusion of these two represents different market sectors – Ethereum Layer 2 solutions and staking – aiming to broaden Grayscale’s influence in both areas.
Grayscale OP and LDO Trusts, Pathway to ETF?
Grayscale Investments, a company owned by Digital Currency Group (DCG), has been a leading advocate in offering crypto trusts and ETF products for several years now. However, the Optimism Trust and Lido DAO Trust have not yet matched the success of their recent private placement offerings for XRP, Solana (SOL), Stellar (XLM), and the Decentralized AI Fund, which were launched last month.
The company is also growing its suit of crypto ETF products. It filed an application for Solana ETF product earlier this month, deepening its reach in the market.
This is a breaking news, please check back for updates!!!
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2024-12-12 17:35