Grayscale opens decentralized AI fund to accredited investors

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.

Grayscale Decentralized AI Fund is now open to eligible accredited investors. Get diversified exposure to the intersection of AI and crypto with fund holdings: $NEAR $RNDR $FIL $LPT $TAO.

See important disclosures or speak to a team member: https://t.co/gYetdms280 pic.twitter.com/wqoEFYL7KE

— Grayscale (@Grayscale) September 30, 2024

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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