**[Yuma, a DCG subsidiary, launches Bittensor ecosystem institutional fund, decentralized AI narrative gains momentum following Anthropic model restriction incident]** BlockBeats News, June 28 — Digital Currency Group (DCG)’s investment company Yuma has announced the launch of the Yuma Total Market Fund, providing institutional investors diversified exposure to the Bittensor ecosystem. The fund encompasses the native token TAO and a basket of AI-focused subnetworks, allowing investors to participate in the entire ecosystem without the need to individually select subnetwork tokens. The fund has already secured seed funding from an undisclosed anchor investor. Bittensor is a blockchain network supporting decentralized AI infrastructure and application development, currently consisting of 128 subnetworks. The market capitalization of the TAO token is approximately $2.4 billion. Institutional interest in Bittensor continues to rise — in April this year, Grayscale increased TAO’s weighting in its decentralized AI fund to 43%. Bitwise also applied to the SEC for a TAO strategy ETF in the same month. Additionally, Grayscale submitted an application to convert its existing Bittensor Trust into a spot TAO ETF and list it on NYSE Arca. The decentralized AI narrative has recently received unexpected catalysts. The U.S. Department of Commerce, citing national security and export control concerns, suspended public access to Anthropic’s Fable 5 and Mythos 5 models, sparking widespread market concerns over the risks of reliance on centralized AI providers. Grayscale’s Head of Research stated that this incident “highlights the risks of centralized AI control,” predicting that investors will shift toward decentralized AI alternatives like Bittensor. However, restrictions are gradually easing — the Department of Commerce restored access to Mythos 5 on Friday, and Axios reported that the Trump administration is expected to allow public access to Fable 5 as early as next week. --------------------------------- Click the link below to join the Beating · Feishu AI News Channel for 24/7 global AI news and updates. [Original Link]