Grayscale has announced the launch of the Grayscale Lido DAO Trust, a security that provides exposure to LDO tokens associated with Lido DAO governance. The trust allows investors to gain exposure to LDO tokens while avoiding the high volatility of cryptocurrencies. Lido is a liquid staking protocol on the Ethereum blockchain that aims to enhance the network's security. Grayscale's Lido DAO Trust and other products aim to increase Ethereum's efficiency, security, scalability, and adoption within the DeFi ecosystem. The success of Grayscale's Bitcoin Trust and XRP Trust suggests that demand for crypto investment products like ETFs has increased.



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