Bitwise Enters Tokenized Fund Market With $278M USCC Takeover

Bitwise Enters Tokenized Funds With USCC Management Shift

Bitwise Asset Management announced May 7 that it volition go concern manager of the Superstate Crypto Carry Fund (USCC), a tokenized crypto transportation money with astir $277.8 cardinal successful assets nether management. The transition, scheduled for June 1, 2026, volition rename the conveyance the Bitwise Crypto Carry Fund portion preserving its USCC ticker, smart contracts, and token address.

Available to qualified purchasers, USCC offers entree to crypto ground strategies, oregon the quality betwixt spot and futures prices. Bitwise explained connected X that USCC is simply a tokenized money “that seeks to gain output via the crypto cash-and-carry trade, a strategy to make output from the spread betwixt the spot and futures prices for BTC, ETH, XRP, and SOL.” Fund holdings widen beyond the named crypto ground trades and see crypto-related positions, futures contracts, collateral assets, and U.S. Treasury securities. Ownership is recognized done USCC, held either arsenic a token oregon done book-entry grounds keeping. Bitwise said:

“The modulation marks Bitwise’s introduction into tokenized funds, deepening its beingness successful a marketplace wherever it has agelong been a trusted voice.”

Subscriptions and redemptions are facilitated done USD oregon USDC, with liquidity disposable each marketplace day. The plus absorption steadfast described the money arsenic “our inaugural tokenized fund, and a large measurement guardant successful however we service organization investors onchain.” Superstate, a fiscal exertion steadfast focused connected on-chain superior markets infrastructure, volition proceed operating FundOS for the tokenized fund.

Superstate Keeps FundOS Role After Bitwise Takes Over

Once completed, the crypto plus manager volition presume afloat concern absorption responsibilities for USCC. Superstate volition measurement backmost from money absorption and absorption connected FundOS, its infrastructure level for on-chain funds.

Institutional investors successful USCC see crypto-native hedge funds, task funds, corporations, vaults, affluent individuals and protocols. The broader statement combines Bitwise’s crypto plus absorption operations with Superstate’s onchain money infrastructure. Bitwise affirmed:

“The money volition modulation from Superstate’s absorption to Bitwise connected June 1, 2026, with Superstate continuing to powerfulness the onchain rails.”

The modulation besides gives Bitwise its archetypal tokenized fund. The crypto plus manager oversees $11 cardinal successful lawsuit assets crossed much than 70 products, including exchange-traded funds (ETFs), separately managed accounts, backstage funds, hedge money strategies, and staking offerings. Its lawsuit basal includes backstage wealthiness teams, RIAs, household offices, institutions, banks, and broker-dealers, supported by much than 200 exertion and concern professionals successful San Francisco, New York, and London.