Introducing the Yuma Total Market Fund
Yuma Total Market Fund offers TAO and subnet token exposure through a single allocation
On June 25, 2026, Yuma launched the Yuma Total Market Fund, a new strategy designed to give institutional allocators and accredited investors the broadest exposure to early-stage Bittensor AI infrastructure and application-layer products through a single, institutionally managed vehicle. The strategy is delivered through Yuma Asset Management, which provides Bittensor-focused, institutional-grade risk management, execution, and reporting within allocator-aligned investment structures.
AI investment has become a core allocation, yet most portfolios still access it through large public companies and venture bets. There is a fast-growing layer of the market sitting outside both: the AI infrastructure and AI applications being built on decentralized networks. Bittensor is the leading ecosystem where this activity is happening. The Yuma Total Market Fund is the simplest way to access it.
A new layer of AI investment
Bittensor is a decentralized, open-source network where teams build specialized AI products inside individual subnetworks, or "subnets." As of June 2026, that ecosystem includes 128 subnets and over $900M in subnet asset value, spanning everything from compute and data marketplaces to applications in fraud detection, drug discovery, and real-time video analysis. Subnet technology can compete with traditional commercial offerings on price and performance, including frontier models in a variety of industrial domains. This fast-moving market represents a meaningfully different way for allocators to access AI exposure.
Bittensor represents an early-stage market for AI infrastructure and applications, a category still forming and largely outside traditional public and private AI exposure. Most AI capital today flows into a familiar set of centralized names. Bittensor is a complementary opportunity: decentralized, earlier in its growth curve, and increasingly relevant inside a complete AI portfolio.
One allocation with full Bittensor exposure
Allocators in Yuma’s other funds often seek guidance on how much TAO to hold, to complement their positions in Yuma’s subnet-only funds.
- TAO: The Bittensor network’s base asset
- Subnet alpha tokens: tokens tied to the AI infrastructure and AI application-layer products built on Bittensor
The Yuma Total Market Fund removes this decision entirely, offering TAO and subnet token exposure in a single, weights-managed strategy.
One fund, one allocation, with exposure indexed across the full Bittensor ecosystem.
Three funds. Three ways to express a thesis.
Yuma Asset Management offers three Bittensor strategies, each built for different investor objectives and market outlooks:
Yuma Subnet Composite Fund
This fund provides
market-cap–weighted exposure across all eligible subnets
, capturing broad ecosystem growth through a diversified portfolio.With regular rebalancing across the subnet universe, the strategy reflects where capital and activity are accumulating over time, generating compounding yield alongside diversified exposure to AI infrastructure and applications.
Yuma Large Cap Subnet Fund
This fund offers
concentrated exposure to the largest, most established subnets
, focused on the parts of the network with the deepest capital, activity, and liquidity. Designed for higher-conviction positioning, the portfolio is top-weighted toward capital-dense subnet leaders, combining focused exposure with compounding yield from the most developed segments of the ecosystem.
Yuma Total Market Fund
The new fund delivers
comprehensive exposure to the Bittensor ecosystem across TAO tokens and subnet alpha tokens
, integrating the base layer and infrastructure- and application-layers into a single allocation. The full-stack approach captures base asset yield alongside broad exposure to AI infrastructure and applications, with balanced weighting across both components to provide a unified view of the ecosystem.
Each fund offers a different way to access Bittensor, whether prioritizing broad diversification, concentrated exposure, or integrated full-stack participation across the ecosystem.
Institutional access, simplified
Yuma Asset Management delivers all three funds with institutional-grade risk management, execution, and reporting. There are no tokens for investors to manage directly and no validators to run—just exposure to a complex, fast-moving market. AI portfolios are expanding beyond public equities and venture. Bittensor is one of the clearest opportunities in that next layer, and the Yuma Total Market Fund is the simplest way in.
Learn more about the Yuma Total Market Fund at
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Important Information and Disclosures
This information is provided solely for informational purposes and does not constitute an offer to sell or the solicitation of an offer to purchase any securities, tokens, or other financial instruments. Any such offer or solicitation will be made only by means of definitive offering documents in compliance with applicable laws and only to investors who satisfy certain eligibility requirements. Neither the U.S. Securities and Exchange Commission nor any other federal, state or foreign agency has approved an investment in any Fund. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this information. No interests in any Fund have been registered under the U.S. Securities Act of 1933 or any state securities laws or the laws of any foreign jurisdiction. Yuma Investment Management, LLC is not registered as an investment advisor under the Investment Advisers Act of 1940 or any state securities laws or the laws of any foreign jurisdiction.
Investments in subnet tokens and other digital assets on the Bittensor network involve substantial risks, including but not limited to: extreme price volatility, liquidity constraints, potential technological failures, cybersecurity threats, network governance disputes, regulatory enforcement risks, and loss of principal. Tokens related to Bittensor subnets do not represent ownership in a legal entity and may lack traditional investor protections and disclosures.
An investment in any Fund involves significant risk, volatility, and illiquidity. There is no guarantee that any Fund’s investment objective will be achieved. There is the possibility of loss, and all investment involves risk, including the loss of entire principal.
Nothing contained herein should be considered investment advice. Please consult your own advisors for any investment decisions.