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COINTURK NEWS > Crypto AI > Grayscale Launches AI-Focused Crypto Fund
Crypto AI

Grayscale Launches AI-Focused Crypto Fund

In Brief

  • Grayscale launched a fund focused on AI tokens after ETH ETF approval.

  • The fund includes NEAR, FIL Coin, RNDR Coin, LPT, and TAO.

  • The total fund size is $570,714 with a 2.5% management fee.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Bitcoin price is above $68,200, and ETH ETF approvals are coming in. Grayscale is not idle. After receiving ETH ETF approval, the company has now officially launched its fund consisting of AI-focused tokens. We quickly present the details such as fund distribution and total crypto asset amount.

AI (Artificial Intelligence) Cryptocurrencies

This step by Grayscale has solidified the position of 5 altcoins in the artificial intelligence focused assets category. The company has created a fund primarily focused on NEAR and FIL Coin, and you can see the percentage distribution details below. These altcoins are likely to receive more support from Grayscale in the near future.

The management fee is 2.5%, and the total fund size is $570,714. This means it currently has a very low reserve, but an increase would indicate growing accredited investor demand for the 5 altcoins based on the percentage distribution.

The distribution of the altcoins in the fund is as follows:

  • NEAR (32.77%)
  • FIL Coin (30.25%)
  • RNDR Coin (24.74%)
  • LPT (8.97%)
  • TAO (3.27%)

Grayscale recently posted the following on its official X account:

“Our newest product, the Grayscale Decentralized Artificial Intelligence Fund, is now open to accredited investors. Invest in the intersection of AI and crypto in a diversified way with the fund’s assets.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 22 July, 2024 - 11:11 pm 22 July, 2024 - 11:11 pm
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