Overview
- Bitwise will assume investment management of Superstate’s USCC on June 1, the firms said Thursday.
- The fund will be renamed the Bitwise Crypto Carry Fund, and investors will keep the same USCC ticker, token contracts, and blockchain address as Superstate continues issuance and transfer services.
- USCC runs a cash‑and‑carry strategy that seeks to earn the spread between spot crypto prices and futures, and it manages more than $267 million.
- More than $100 million of the fund’s assets are posted as collateral in DeFi protocols such as Aave and Kamino, which lets the fund move and settle onchain at all hours.
- The move is Bitwise’s first step into tokenized products, and it comes as Superstate focuses on its FundOS platform and after Invesco took over its onchain money market fund, with RWA.xyz tracking over $30 billion in tokenized real‑world assets.