Grayscale, a leading investment firm in the cryptocurrency space, has recently launched a new digital asset fund called the Grayscale Decentralized AI Fund. This fund is specifically focused on artificial intelligence (AI), representing the firm’s latest strategic initiative.
The confluence of AI and blockchain is a hot topic, with many believing it has the potential to revolutionize various industries. By investing in this fund, investors gain exposure to potentially high-growth projects in this space without the complexities of managing individual crypto assets.
What is Grayscale AI Fund
Grayscale Decentralized AI Fund is a new investment product launched by Grayscale Investments, a prominent asset management firm focused on cryptocurrencies. This fund aims to provide investors with exposure to the burgeoning intersection of artificial intelligence (AI) and blockchain technology.
The fund invests in native tokens of decentralized AI protocols. It focuses on three primary areas: AI services, addressing centralized AI issues, and developing AI-related infrastructure.
Initial holdings include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Currently available only to accredited investors. The fund will be rebalanced quarterly to include promising AI protocols
Grayscale AI Fund Holdings
- Filecoin ($FIL)
- Bittensor ($TAO)
- Near ($NEAR)
- Render ($RNDR)
- Livepeer ($LPT)
NAV per share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how Holdings is calculated, please refer to the applicable Product’s disclosure language in its private placement memorandum.
The Manager and each Fund may use custody services or similar services provided by entities other than Coinbase Custody Trust Company, LLC at any time without prior notice to Coinbase Custody Trust Company, LLC.
How to Invest in Grayscale AI Fund
Grayscale products are available through a variety of channels for individual and institutional investors. Not sure where to start? go here.
About Grayscale Decentralized AI Fund
Grayscale Decentralized AI Fund is one of the first securities solely invested in and deriving value from the price of native tokens of decentralized AI protocols. Decentralized AI refers to the integration of artificial intelligence and blockchain technology.
The Fund provides access in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. Shares are intended to reflect the values of the Fund Components as determined by reference to their respective Digital Asset reference Rates and Weightings, less fees and expenses.
The Fund Components consist of the digital assets selected using the Fund Methodology as implemented by the Manager, and the Fund is rebalanced from time to time.