Grayscale has launched a new digital asset fund focused on artificial intelligence (AI) tokens. The fund is available to accredited investors and invests in Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR) tokens.

Tokens rose 1-3% after the announcement. The Fund will rebalance its assets quarterly. Grayscale believes that AI blockchain protocols can reduce the risks associated with the development of AI technologies.