Bitwise completes takeover of Superstate’s $259M crypto carry fund
The transition gives the asset manager control of a tokenized fund that combines crypto carry trades with Treasury and digital asset exposure.
Bitwise completed its takeover of Superstate’s Crypto Carry Fund (USCC), giving the asset manager control of a tokenized investment vehicle that uses market-neutral crypto trading strategies to generate yield.
Bitwise said on May 7 it would assume management of the fund from Superstate as the infrastructure company shifted its focus toward FundOS, its tokenized fund platform.
The fund is available to qualified purchasers and seeks to generate yield through crypto cash-and-carry trades, a strategy that captures the premium between cryptocurrency futures and spot prices. It retains the USCC token ticker and existing smart contracts following the transition.