Greyscale Decentralized AI Fund Opens to Accredited Investors
Key receivers
Greyscale's decentralized AI fund includes major protocols such as Near, FileCoin, Render, LivePeer and Bittensor. The fund reported a net asset value of $9.50 per share as of September 27, 2024.
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Asset manager Grayscale has launched the Grayscale Decentralized AI Fund, which provides accredited investors with decentralized artificial intelligence protocols.
Grayscale Decentralized AI Fund is now open to qualified accredited investors. Find diversified exposure to the intersection of AI and crypto with fund holdings: $RNDR $FIL $LPT $TAO.
See important statements or contact a team member: pic.twitter.com/wqoEFYL7KE
— Grayscale (@Grayscale) September 30, 2024
Previously only available through private placements, the fund now offers a variety of indigenous tokens leading decentralized AI and blockchain projects.
The fund is rebalanced quarterly to meet its investment objective, with holdings divided into five key assets: NearProtocol (29.7%), Filecoin (29.3%), Render (26.7%), Livepeer (8.7%) and Bittensor (5.4%).
Greyscale's decentralized AI fund focuses on three key areas: decentralized AI services, solutions to AI-related challenges, and AI infrastructure.
Render and Livepeer contribute to the infrastructure by providing decentralized GPU computing and AI-enhanced video streaming respectively. Near Protocol and Filecoin provide decentralized data storage solutions. Bittensor focuses on creating a marketplace for AI model training and development, supporting decentralized AI services and infrastructure.
As of September 27, 2024, the fund's net asset value (NAV) stood at $9.5 per share, a one-day NAV increase of 1.5 percent. Total assets under management are $1,462,249 and 153,900 shares are outstanding.
Although the fund's performance has fluctuated since its inception, it is down 15.6 percent from last month. In the year NAV is down 26.8% since launch on July 2, 2024, reflecting volatility in the broader AI and blockchain markets.
In the year Founded in 2013, Greyscale has become the world's largest crypto asset manager, offering a wide range of private placements, public quotes and ETFs.
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