21Shares to Offer Exchange Traded Product for Lido on European Stock Exchanges

21Shares, a provider of crypto exchange-traded products (ETP), has introduced a new investment opportunity for traditional investors seeking exposure to Lido DAO. This offering allows investors to gain single asset exposure to the largest participant in the liquid-staking ecosystem.

The 21Shares Lido DAO ETP (LIDO) is a non-interest bearing, open-ended security that is linked to the Lido DAO index or a specific underlying asset. The product is available to the general public in 22 European Union countries, including France, Germany, and Portugal. It can be traded on exchanges such as SIX Swiss Exchange, BX Exchange, and the Stuttgart Exchange.

However, 21Shares has categorized this product as "high risk" in several areas. The risks include market risk due to the lack of capital protection, regulatory risk, secondary market risk, risk of extraordinary events, and the potential for rapid changes in the value of crypto assets, including the possibility of dropping to zero.

The company has assigned a risk factor of 7 out of 7, which is the highest risk class, to this product. 21Shares stated that this risk indicator reflects the potential for significant losses and acknowledges the impact of poor market conditions on the fund's ability to make payments.