Grayscale recently announced the launch of a new decentralized AI coins fund, which aims to provide investors with access to AI token investment opportunities without direct ownership.
Grayscale, a prominent crypto asset manager, has recently made global headlines by announcing the Grayscale Decentralized AI Fund, a new fund for AI coins.
In an official statement issued today, July 17, the company announced that the mover is a groundbreaking initiative that provides users with an investment vehicle that is specifically designed to invest in securities that are linked to decentralized AI protocols.
It is important to note that the fund reduces the need for users to engage directly with digital currencies by providing them with a share to invest in that contains essential fund components.
Grayscale Decentralized AI Fund
Grayscale’s mover has garnered substantial market traction amid the global proliferation of AI and related protocols.
The firm clarified in its official release today that the AI coins fund provides users with a form of security, eliminating the challenges associated with buying, storing, and safeguarding digital currencies directly.
This fund is called as the “Grayscale Decentralized AI Fund.”
Meanwhile, this fund’s essential components consist of five AI-based tokens.
These include Bittensor (TAO), Render (RNDR), Livepeer (LPT), Near Protocol (NEAR), and Filecoin (FIL).
Interestingly, the fund is intended to reflect the total worth of the abovementioned components.
The weight of the five tokens in a single share of the fund is as follows: NEAR – 32.99%; FIL – 30.59%; RNDR – 24.86%; LPT – 8.64%; and TAO – 2.92%.
Also, it’s worth mentioning that the NAV (Net Asset Value) per share as of July 16 totaled $9.97.
This mover has rapidly garnered significant traction throughout the crypto industry in response to the recent popularity of AI coins.
Grayscale: Crypto Asset Manager Pioneer
Notably, the company is already making significant progress in the industry with its crypto offerings.
The crypto asset manager is one of the first service providers to offer a spot Bitcoin BTF, and it also appears that an ETH ETF is in the works.
Additionally, July 18 is a critical date for the firm.
Furthermore, the launch of the Grayscale Ethereum Mini trust shares is set to take place on the mentioned date.
