21Shares to Launch LIDO Exchange Traded Product on European Stock Exchange

21Shares, a provider of cryptocurrency exchange traded products (ETPs), offers traditional investors a new opportunity to invest in Lido DAO. The product allows investors to gain a single asset exposure to the largest participants in the liquid pledge 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 public in 22 EU countries including France, Germany and Portugal. It can be traded on exchanges such as the SIX Swiss Exchange, BX Exchange and the Stuttgart Exchange. 

However, 21Shares classifies this product as "high risk" in several respects. Risks include market risk (due to lack of capital protection), regulatory risk, secondary market risk, extraordinary event risk, and the risk of rapid changes in the value of crypto assets, including the possibility of dropping to zero. 

The firm rated this product with a risk factor of 7/7, the highest risk rating. 21Shares said this risk metric reflects the potential for significant losses and recognizes the impact of poor market conditions on the fund's ability to pay.