Grayscale AI-Focused Crypto Fund Launch

Grayscale, known for its innovative investment products, has expanded its portfolio by launching a fund that focuses on AI-enabled cryptocurrencies. The move comes following the approval of an ETH ETF, indicating the company's active pursuit of diversification in the crypto market.

Overview of the Fund

Grayscale's new fund is centered around five altcoins that are at the forefront of artificial intelligence technologies. The primary assets in this fund are NEAR and FIL Coin, with a detailed breakdown of their percentage distribution provided below. These cryptocurrencies are expected to garner increased support from Grayscale in the coming periods.

Fund Details

• Management Fee: 2.5%
• Total Fund Size: $570,714

Despite the fund's current modest reserve, its size is poised to grow, reflecting a surge in demand from accredited investors for the AI-focused altcoins held within.

Altcoin Distribution

The allocation of altcoins in the fund is as follows: - NEAR (32.77%) - FIL Coin (30.25%) - RNDR Coin (24.74%) - LPT (8.97%) - TAO (3.27%)

For interested accredited investors, Grayscale has officially opened the Grayscale Decentralized Artificial Intelligence Fund for investment. This opportunity allows investors to engage in the intersection of AI and crypto assets through a diversified investment approach.

For more information, visit the original announcement on COINTURK NEWS.