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.
The newly introduced Decentralized AI Fund is now accessible to accredited investors who meet the necessary criteria.
This initiative is designed to give early exposure to digital assets tied to AI-driven blockchain projects. The fund includes a curated selection of tokens that Grayscale believes are positioned to benefit from the convergence 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 toward TAO, NEAR, and RENDER, with allocations of 27.18%, 24.54%, and 22.75% respectively. Filecoin accounts for just over 17%, while The Graph represents 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 currently sit at around $1.05 million.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/grayscale-bets-on-ai-focused-altcoins-with-new-fund/