Cryptocurrency ETFs are entering our lives by evolving from ETP to ETF, making these funds significant. Grayscale first launched the Bitcoin Trust. Then came the BTC Futures ETF and subsequently the SPOT BTC ETF. A similar process was seen for Ether. The trust was initiated with ETHE, followed by futures ETFs, and the SPOT ETH ETF launch is on July 23.
Altcoins Latest News
5 popular altcoins have hit a stroke of luck. Grayscale recently announced the establishment of the “Grayscale Decentralized Artificial Intelligence Fund.” The newly launched fund will cover AI-focused altcoins, with 3 altcoins being predominant. Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, stated;
“The rise of disruptive technologies has created attractive opportunities for Grayscale’s investors since our founding in 2013, and we believe the launch of the Grayscale Decentralized AI Fund will offer the opportunity to invest in Decentralized AI products at an early stage. Blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team believes these protocols can help mitigate the fundamental risks arising from the proliferation of AI technology.”
So, which altcoins will be in the fund?
- Bittensor (TAO)
- Filecoin (FIL)
- Livepeer (LPT)
- Near (NEAR)
- Render (RNDR)
The focus will be on NEAR, FIL, and RNDR Tokens. RNDR Coin alone has risen by 5%. Other altcoins have also achieved similar gains.
