DCG-Backed Yuma Launches Institutional Bittensor Fund Amid DeAI Momentum
What happened: Yuma, a Digital Currency Group subsidiary, launched the Yuma Total Market Fund on June 25, offering institutional investors single-vehicle exposure to Bittensor's TAO token and its 128
What happened: Yuma, a Digital Currency Group subsidiary, launched the Yuma Total Market Fund on June 25, offering institutional investors single-vehicle exposure to Bittensor's TAO token and its 128 AI-focused subnets. Yuma claims the subnets are valued at over $900 million, though independent trackers put the figure closer to $300 million. The fund launch follows recent U.S. Commerce Department restrictions on Anthropic's AI models, which triggered a 30% TAO price surge earlier this month.
Why it matters: The move reflects growing institutional interest in decentralized AI, especially as regulatory scrutiny increases for centralized providers. However, questions remain about Yuma's subnet valuation methodology, and the timing of the fund's launch—shortly after the Anthropic restrictions—suggests a bid to capitalize on shifting narratives. The fund's success may serve as a bellwether for broader DeAI adoption among asset managers.
Source: Cointelegraph