According to CoinMeta, Dan Ives today announced the establishment of a closed-end fund named Ives Ultra AI Opportunities, aimed at providing investors with an opportunity to access private companies that are driving the boom in AI. The fund will issue 20 million ordinary shares at a price of $10 per share, with an expected total fundraising of $200 million. Ives Ultra AI Opportunities will be listed on the New York Stock Exchange under the stock code $IVAI.