AI TOKENS RALLY FOLLOWING GRAYSCALE'S DECENTRALIZED AI FUND LAUNCH
- Grayscale has launched a decentralized AI fund to grant investors exposure to the prices of AI tokens.
- The fund will provide price exposure to TAO, RNDR, NEAR, LPT, and FIL.
- The Artificial Intelligence coins market cap rose nearly 4% after the announcement.
Grayscale launched its Decentralized AI Fund on Wednesday, allowing investors to gain exposure to the price of AI-focused cryptocurrencies. Following the announcement, the general market cap of AI tokens rose by nearly 4%.
- Grayscale has launched a decentralized AI fund to grant investors exposure to the prices of AI tokens.
- The fund will provide price exposure to TAO, RNDR, NEAR, LPT, and FIL.
- The Artificial Intelligence coins market cap rose nearly 4% after the announcement.
Grayscale launched its Decentralized AI Fund on Wednesday, allowing investors to gain exposure to the price of AI-focused cryptocurrencies. Following the announcement, the general market cap of AI tokens rose by nearly 4%.
Grayscale unveils latest crypto fund focused on AI tokens
Crypto asset manager Grayscale launched its latest digital asset fund today, which focuses on AI-based tokens. According to its official press release, the Grayscale Decentralized AI Fund LLC will grant traditional investors exposure to AI-focused crypto tokens while supporting AI-related investment initiatives in the crypto market.
"The rise of disruptive technologies has created compelling opportunities for Grayscale's investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase," said Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary.
The fund now includes tokens of various decentralized AI crypto protocols, which will rebalance every three months. These include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR) with weightings of 2.92%, 30.59%, 8.64%, 32.99% and 24.86%, respectively.
Crypto asset manager Grayscale launched its latest digital asset fund today, which focuses on AI-based tokens. According to its official press release, the Grayscale Decentralized AI Fund LLC will grant traditional investors exposure to AI-focused crypto tokens while supporting AI-related investment initiatives in the crypto market.
"The rise of disruptive technologies has created compelling opportunities for Grayscale's investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase," said Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary.
The fund now includes tokens of various decentralized AI crypto protocols, which will rebalance every three months. These include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR) with weightings of 2.92%, 30.59%, 8.64%, 32.99% and 24.86%, respectively.
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