Grayscale opens decentralized AI fund to accredited investors

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Grayscale opens decentralized AI fund to accredited investors
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Key Takeaways

Grayscale’s decentralized AI fund includes major protocols like Near, Filecoin, Render, Livepeer and Bittensor.
The fund reports a net asset value per share of $9.50 as of September 27, 2024.

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Asset manager Grayscale has launched the Grayscale Decentralized AI Fund, which offers accredited investors exposure to decentralized artificial intelligence protocols.

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Previously available only through private placement, the fund now offers a diversified basket of native tokens from leading decentralized AI and blockchain projects.

The fund is rebalanced quarterly to maintain its investment objectives, with holdings distributed across five key assets: Near Protocol (29.7%), Filecoin (29.3%), Render (26.7%), Livepeer (8.7%), and Bittensor (5.4%).

The Grayscale Decentralized AI Fund focuses on three key areas: decentralized AI services, solutions to AI-related challenges, and AI infrastructure.

Render and Livepeer contribute to infrastructure, offering decentralized GPU computation 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) per share stood at $9.5, with a one-day NAV increase of 1.5%. The total assets under management amount to $1,462,249, with 153,900 shares outstanding.

Although the fund’s performance has fluctuated since inception, it saw a drop of 15.6% over the last month. Since its launch on July 2, 2024, the NAV has declined by 26.8%, reflecting volatility in the broader AI and blockchain markets.

Founded in 2013, Grayscale has become the largest crypto asset manager in the world, offering a wide array of private placements, public quotations, and ETFs.

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