{"id":84201,"date":"2024-07-17T13:42:01","date_gmt":"2024-07-17T17:42:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84201"},"modified":"2024-07-17T13:43:53","modified_gmt":"2024-07-17T17:43:53","slug":"grayscale-unveils-new-fund-for-ai-coins","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/grayscale-unveils-new-fund-for-ai-coins\/","title":{"rendered":"Grayscale Unveils New Fund for AI Coins"},"content":{"rendered":"\n

Grayscale recently announced the launch of a new decentralized AI coins<\/a> fund, which aims to provide investors with access to AI token investment opportunities without\u00a0direct ownership.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Grayscale, a prominent crypto asset manager, has recently made global headlines by announcing the Grayscale Decentralized AI Fund, a new fund for AI coins.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Grayscale Decentralized AI Fund<\/h2>\n\n\n\n

Grayscale's mover\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has garnered substantial market traction amid the global proliferation of AI and related protocols.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

This fund is called as the \u201cGrayscale Decentralized AI Fund.\u201d<\/p>\n\n\n\n

Meanwhile, this fund's essential components consist of five AI-based tokens.<\/p>\n\n\n\n

These include Bittensor (TAO), Render (RNDR), Livepeer (LPT), Near Protocol (NEAR), and Filecoin (FIL).<\/p>\n\n\n\n

Interestingly, the fund is intended to reflect the total worth of the abovementioned components.<\/p>\n\n\n\n

The weight of the five tokens in a single share of the fund is as follows: NEAR \u2013 32.99%; FIL \u2013 30.59%; RNDR \u2013 24.86%; LPT \u2013 8.64%; and TAO \u2013 2.92%.<\/p>\n\n\n\n

Also, it\u2019s worth mentioning that the NAV (Net Asset Value) per share as of July 16 totaled $9.97.<\/p>\n\n\n\n

This mover has rapidly garnered significant traction throughout the crypto industry in response to the recent popularity of AI coins.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Grayscale: Crypto Asset Manager Pioneer<\/h2>\n\n\n\n

Notably, the company is already making significant progress in the industry with its crypto offerings.<\/p>\n\n\n\n

The crypto asset manager is one of the first service providers to offer a spot Bitcoin BTF<\/a>, and it\u00a0also appears\u00a0that an ETH ETF is in the works.<\/p>\n\n\n\n

Additionally, July 18 is a critical date for the firm.<\/p>\n\n\n\n

Furthermore, the launch of the Grayscale Ethereum Mini trust shares is set to take place on the mentioned date.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u00a0direct 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 […]<\/p>\n","protected":false},"author":56,"featured_media":84206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[17165,18817,20642,4241,541,1863],"class_list":["post-84201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fil","tag-ai-coins","tag-bittensor-tao","tag-filecoin","tag-grayscale","tag-livepeer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/Grayscale-Unveils-New-Fund-for-AI-Coins.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84201"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84206"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}