- On May 7, Bitwise Asset Management revealed that it is taking over as investment manager of the Superstate Crypto Carry Fund (USCC).
- This will be Bitwise’s first tokenized fund, and it will rename the fund as Bitwise Crypto Carry Fund while using the same ticker. Its transition is expected to be completed on June 1, 2026.
- The USCC fund will use the “cash-and-carry” strategy, which is a strategy to generate yield from the gap between the spot and futures prices for Bitcoin, Ethereum, Solana, and XRP.
On May 7, Bitwise, a leading crypto asset management company, announced the launch of its inaugural tokenized fund, Bitwise Crypto Carry Fund (USCC), in partnership with Superstate.
Amid the boom in the tokenized sector, this announcement from Bitwise has sparked euphoria among institutional investors.
This is not the fund, but Bitwise is taking over as the investment manager of Superstate’s Crypto Carry Fund (USCC). However, it will change ...
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