U.S. asset manager %Grayscale is launching a new %Cryptocurrency fund that invests in artificial intelligence-focused (A.I.) digital tokens.
Called the “Grayscale Decentralized AI Fund,” it is available to accredited investors.
Grayscale says the fund has been designed to “…capture the growth of protocols at the intersection of blockchain and artificial intelligence.”
The fund is initially investing in the native tokens of crypto A.I. tokens such as %Bittensor (CRYPTO: $TAO), %Filecoin (CRYPTO: $FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR).
Grayscale said in a statement that the new fund will be rebalanced on a quarterly basis.
The A.I. tokens held in the Grayscale fund each rose 1% to 3% on news of its launch.
Grayscale currently manages one of the largest spot Bitcoin exchange-traded funds (ETFs) called the “Grayscale Bitcoin Trust” (NYSE: $GBTC), which has risen 56% year-to-date.
The Grayscale Bitcoin Trust currently has $15.70 billion U.S. of assets under management.
