Grayscale Bets on AI-Focused Altcoins with New Fund

Grayscale, a major player in crypto asset management, has launched a new investment vehicle aimed at combining the fast-growing sectors of artificial intelligence and decentralized technologies.

Crypto asset management firm Grayscale has launched a new investment vehicle combining the fast-growing sectors of artificial intelligence and decentralized technologies.

The newly introduced Decentralized AI Fund is now available to accredited investors who meet the required criteria.

This initiative aims to provide early exposure to digital assets linked to AI-driven blockchain projects. The fund includes a selection of tokens that Grayscale believes will benefit from the intersection of these technologies.

Among the assets currently held in the fund are Bittensor (TAO), NEAR Protocol (NEAR), Render, Filecoin (FIL), The Graph (GRT), and Livepeer (LPT).

According to Grayscale, the fund’s portfolio is primarily weighted towards TAO, NEAR, and RENDER, with allocations of 27.18%, 24.54%, and 22.75% respectively. Filecoin accounts for just over 17%, while The Graph comprises 8.27%. The share of Livepeer was not disclosed.

Grayscale has set the annual management fee for this fund at 2.5%, and its total assets under management are currently around $1.05 million.

News data source: kdj.com

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