Grayscale Launches AI Crypto Fund Featuring TAO, NEAR, and RENDER

Grayscale

Grayscale, a leading digital asset manager, is making significant strides in the convergence of artificial intelligence and blockchain. The company has officially launched its Decentralized AI Fund, now open to accredited investors. This innovative financial product gives participants diversified exposure to key AI crypto assets, including Bittensor (TAO), Render (RENDER), Near Protocol (NEAR), Filecoin (FIL), and The Graph (GRT).

Grayscale Expands AI Crypto Strategy

In an announcement on X (formerly Twitter), Grayscale revealed that its Decentralized AI Fund is now accessible to eligible investors. The fund, structured as a closed-end investment vehicle, is currently trading at a Net Asset Value (NAV) of $5.64 per share as of May 29. Grayscale initially introduced this initiative under its broader “AI Crypto Sector” strategy, which has reportedly grown 4.5 times in value. According to the firm, this marks one of the first investment products that targets native tokens of decentralized AI projects.

The fund’s composition is led by TAO, which accounts for 30.89% of its weight. NEAR follows with 25.86%, while RENDER, FIL, and GRT make up 18.91%, 15.39%, and 8.95%, respectively. Grayscale emphasized that the fund is designed to reflect the value of these digital assets based on their market rates, minus applicable fees.

Also Read: Cardano (ADA) Bulls Drive Price Up, Targets Set for $1.30 After Grayscale Fund Inclusion

Market Reaction: AI Tokens Rally

Following the announcement, several of the included tokens experienced sharp price increases. TAO surged to $475, while NEAR spiked to nearly $3. FIL and GRT also posted notable gains. However, the rally was short-lived, as a broader crypto market correction—partly triggered by rising tensions in the U.S.-China trade dispute—caused prices to retrace.

AI and Crypto: A Growing Intersection

Grayscale’s move signals a growing institutional interest in the overlap between decentralized technologies and AI. By launching a fund focused on this intersection, the company positions itself at the forefront of a rapidly expanding sector. As AI continues to permeate various industries, blockchain-native AI tokens could offer investors early access to the future of decentralized intelligence.

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