Digital Currency Group (DCG) has launched Yuma Asset Management, a subsidiary focused on investing in the decentralized AI network Bittensor.
With an initial capital of $10 million, Yuma hopes to bridge the gap between institutional capital and the increasingly crowded Bittensor subnet space.
Yuma funds aim to simplify subnet investing for institutions
Yuma is introducing two main fund products. First, the Subnet Composite Fund, which provides market capitalization-based exposure to all active subnets. Second, the Large Cap Subnet Fund, which specifically targets subnets with the highest valuations.
This structure is considered to facilitate investors looking to enter the ecosystem without the hassle of selecting subnets individually.
Furthermore, Yuma is also active as a studio and accelerator. They claim to have validated over 120 subnets, engaged in mining activities, and distributed capital to around 15 subnet operators.
This dual role positions Yuma not only as a fund manager but also as a driving force, helping to build the network’s technical foundation.
However, Yuma also emphasizes that risks remain. Investments in subnet tokens and other digital assets in the Bittensor ecosystem can face high volatility, liquidity issues, and security and regulatory challenges. This warning is clearly intended to ensure that potential investors understand the potential consequences.
Bittensor token shows bullish setup as breakout looms
On the other hand, crypto analyst Captain Faibik highlighted the potential price movement of TAO. He believes that Bittensor’s main token is poised to break through a long-established broadening wedge pattern.
If a breakout does occur, a bullish rally could potentially propel TAO toward its medium-term target of around $900.
At the time of writing, the altcoin is changing hands at about $358.09, up 9.16% in the last 24 hours. Market activity was also heavy, with daily trading volume reaching $183.27 million. These figures seem to support Faibik’s optimistic view that the market is starting to heat up again.
Furthermore, Yuma also bolstered investor confidence by bringing on board two experienced figures from TradeBlock, Greg and Jeff Schvey, who now hold the positions of COO and CTO. Their presence adds a layer of credibility to Yuma’s development strategy.