Grayscale Launches Fund to Bridge AI and Crypto for Accredited Investors

Grayscale Investments, managing $17 billion in assets, is introducing a new fund for accredited investors that bridges the gap between artificial intelligence (AI) and decentralized finance (DeFi). This new fund, known as the Grayscale Decentralized AI Fund, is designed to offer investors exposure to innovative AI and machine learning protocols.

The fund features a diverse portfolio of leading projects in the AI-crypto space, including Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Notably, Near (NEAR) holds the largest allocation at 32.99%.

Grayscale will adjust the fund's composition quarterly, prioritizing protocols advancing decentralized AI services, addressing centralized AI issues, and enhancing AI infrastructure. This strategic rebalancing aims to capture the dynamic and rapidly evolving landscape of AI and blockchain technology.

The synergy between AI and blockchain has become a prominent theme in the market, with AI-related tokens achieving significant gains over the past year. Both Bittensor and Near have surged over 300%, while Render and Livepeer have seen increases exceeding 250%.

With this new fund, Grayscale continues to expand its array of over 20 crypto-focused investment products, including a Bitcoin ETF, underscoring its commitment to innovative investment opportunities in the crypto space.