Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain

The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT).

Grayscale, the digital currency asset manager, has launched a new fund that will invest in artificial intelligence (AI)-focused cryptocurrencies.

The Grayscale Decentralized AI Fund is now available to accredited investors, the company announced in a press release on Wednesday. The fund “was designed to capture the growth of protocols at the intersection of blockchain and artificial intelligence,” according to Grayscale.

The fund has initially allocated capital to the native tokens of crypto AI protocols Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR). Grayscale will rebalance the fund’s holdings on a quarterly basis.

The tokens rose immediately following the announcement, with prices up 1%-3% over the past hour, according to CoinGecko.

“The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology,” Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in the press release.

Grayscale, the world’s largest digital currency asset manager, is best known for its bitcoin trust (GBTC), which began trading in 2013 and paved the way for the approval of bitcoin futures ETFs in 2021. Grayscale also offers trusts for other large-cap cryptocurrencies, including ether, litecoin and bitcoin cash.

The investment firm has also filed to launch several thematic crypto funds, including funds focused on metaverse tokens, decentralized finance (DeFi) tokens and Web3 tokens.

Grayscale’s bitcoin trust has faced legal challenges from the U.S. Securities and Exchange Commission (SEC), which has thus far declined to approve a spot bitcoin ETF, citing concerns over the underlying bitcoin market.

Grayscale has sued the SEC over the bitcoin ETF decision, and the case is currently making its way through the federal court system.

ウォール・ストリート・ジャーナルの最近の報道によると、SECはデジタル資産管理慣行を巡ってグレースケールに対する調査も開始したとのこと。

Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain

The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT).

Accredited investors can now access the Grayscale Decentralized AI Fund, a new digital asset fund that invests in artificial intelligence (AI)-focused (AI) tokens, the company announced on Wednesday.

The fund was "designed to capture the growth of protocols at the intersection of blockchain and artificial intelligence," Grayscale said in a statement.

The fund has initially allocated capital to crypto AI protocols Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR). Grayscale will rebalance the fund’s holdings on a quarterly basis.

The tokens rose immediately following the announcement, with prices up 1%-3% over the past hour, according to CoinGecko.

"The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology," Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in the press release.

Grayscale, the world's largest digital currency asset manager, is best known for its bitcoin trust (GBTC), which began trading in 2013 and paved the way for the approval of bitcoin futures ETFs in 2021. Grayscale also offers trusts for other large-cap cryptocurrencies, including ether, litecoin and bitcoin cash.

The investment firm has also filed to launch several thematic crypto funds, including funds focused on metaverse tokens, decentralized finance (DeFi) tokens and Web3 tokens.

Grayscale's bitcoin trust has faced legal challenges from the U.S. Securities and Exchange Commission (SEC), which has thus far declined to approve a spot bitcoin ETF, citing concerns over the underlying bitcoin market.

Grayscale has sued the SEC over the bitcoin ETF decision, and the case is currently making its way through the federal court system.

ウォール・ストリート・ジャーナルの最近の報道によると、SECはデジタル資産管理慣行を巡ってグレースケールに対する調査も開始したとのこと。

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