One of the largest investment managers in digital assets is making their move into artificial intelligence focused crypto projects.
What’s happening:
- Asset management company Grayscale is expanding the accessibility of their Grayscale Decentralized AI Fund to be available to accredited investors for the first time
The big idea:
- Grayscale has built a private investment vehicle to be able to provide exposure to popular artificial intelligence focused crypto projects and protocols
Why it matters:
- Grayscale has been a first mover in disruptive investment vehicles for crypto, having launched the Grayscale Bitcoin Trust ETF (NYSE: GBTC) and grown it to tens of billions of dollars in assets
- Artificial intelligence crypto projects have been rising to popularity and prominence lately with multiple tokens beginning to see explosive growth in both trading volumes and market capitalization
Going deeper:
- The Grayscale Decentralized AI Fund’s largest token holdings are Bittensor, NEAR, Filecoin, Render and The Graph
- Bringing decentralized finance projects to traditional investors is also something DeFi Technologies (CBOE: DEFI) has been doing through listing Exchange Traded Products on the Nordic Growth Market and recently even on the London Stock Exchange for the first time ever
- Other disruptive ETFs focused on crypto have been popping up lately on major stock exchanges, including the rapid growth of the Defiance Daily Long MicroStrategy ETF (NASDAQ: MSTX) which provides twice the leveraged exposure to MicroStrategy (NASDAQ: MSTR) stock
The fine print:
- The Grayscale Decentralized AI Fund is not currently publicly listed on any major stock exchange in North America or Europe, which limits the opportunity for investors to allocate to it as it’s not accessible through the traditional public markets
