DCG-Backed Yuma Launches Yuma Total Market Fund for Institutional Bittensor Exposure

DCG-backed Yuma launched the Yuma Total Market Fund to give institutional investors diversified exposure to the Bittensor ecosystem through a single investment vehicle that provides exposure to Bittensor’s native TAO token and a basket of AI-focused subnets.

“Tether’s USDT briefly became the largest crypto asset by market cap, flipping Ethereum on the 26th of June”

Bitget

In a Thursday announcement, Yuma said the fund began with seed capital from an undisclosed anchor investor, and the strategy is intended to simplify access to the broader Bittensor ecosystem without requiring investors to select individual subnet tokens.

Cointelegraph

Yuma framed Bittensor’s subnet economy around 128 subnets representing more than $900 million in combined value, while network tracker Taostats shows a combined subnet value closer to $300 million.

The fund’s launch also arrives as TAO’s market capitalization was cited at nearly $2.4 billion, according to CoinMarketCap, alongside broader institutional interest in decentralized AI products tied to blockchain-based networks.

Institutional interest in the Bittensor ecosystem has grown alongside the network’s expanding subnet economy, with Grayscale increasing TAO’s weighting in its Grayscale Decentralized AI Fund to 43% during the fund’s quarterly rebalance in April.

The reporting says TAO’s allocation has since fallen to about 20%, with Near Protocol's NEAR now comprising the fund’s largest holding at roughly 44%.

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Asset managers are also seeking to broaden investor access to TAO, with Bitwise filing for a TAO Strategy ETF with the US Securities and Exchange Commission (SEC) in April.

Separately, Grayscale submitted an amended registration statement to convert its existing Bittensor Trust into a spot TAO exchange-traded fund that would list on NYSE Arca if approved, as described in the coverage.

The push for decentralized AI exposure is reinforced in the coverage by renewed attention to risks of relying on a single provider after the US Commerce Department suspended public access to Anthropic’s Fable 5 and Mythos 5 models over national security and export control concerns.

“Buy CryptoMarketsSpotFuturesMUEarnEvent Centre More Sign Up Yuma, an investment firm backed by Digital Currency Group, has launched the Yuma Total Market Fund to give institutional investors diversified exposure to the BittensorYuma, an investment firm backed by Digital Currency Group, has launched the Yuma Total Market Fund to give institutional investors diversified exposure to the Bittensor DCG-Backed Yuma Launches Fund to Give Institutions Bittensor Exposure Author: Crypto Breaking News 2026/06/28 02:46 5 min read For feedback or concerns regarding this content, please contact us at”

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At the time, Grayscale head of research Zach Pandl said the restrictions underscored the risks of relying on centralized AI providers, adding, "We expect demand for decentralized AI, like Bittensor and its TAO token, to rise as investors seek alternatives."

The reporting also says the restrictions appear to be easing, with the Commerce Department restoring access to Mythos 5 on Friday and Axios reporting Saturday that the Trump administration is expected to allow Anthropic to resume public access to Fable 5 as soon as next week.

Separately from the Bittensor-focused developments, Bitget’s coverage described USDT briefly flipping Ethereum on the 26th of June, and noted that stablecoin supply eased from a peak of $322B in mid-May to $313B as of press time.