Digital assets manager Grayscale Investments has reportedly added Optimism (OP) and Lido DAO (LDO) to its growing list of Trust products. Considering the different market niches the duo of Optimism and Lido DAO represents, Grayscale aims to expand its reach in both the Ethereum L2 and staking niches.
Grayscale OP and LDO Trusts, Pathway to ETF?
Owned by Digital Currency Group (DCG), Grayscale Investments has championed the crypto trust and ETF products over the past few years. This Optimism and Lido DAO Trusts trails behind the private place it opened for XRP, Solana (SOL), Stellar (XLM), and Decentralized AI Fund 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.
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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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