Bitwise to take over Superstate’s $267 million tokenized Crypto Carry Fund
Bitwise is becoming the investment manager for Superstate's $267 million tokenized Crypto Carry Fund, marking its entry into tokenized funds.Summary
Bitwise will take over as the investment manager of Superstate's $267 million tokenized Crypto Carry Fund (USCC), which will be renamed the Bitwise Crypto Carry Fund. The fund generates yield through crypto cash-and-carry basis trades and will maintain its existing ticker, smart contracts, and token address. This move represents Bitwise's first official entry into the tokenized fund space.
Bitwise CEO Hunter Horsley emphasized that capital markets are moving on-chain, with tokenized strategies offering benefits such as 24/7 trading and DeFi utility. Under the new arrangement, Bitwise will manage the investments, while Superstate will continue to provide the on-chain infrastructure through its FundOS platform. The transition is expected to close on June 1 without disrupting existing investors. This shift allows Superstate to focus on scaling its infrastructure business rather than managing funds directly.
(Source：The Block)