Bitwise Debuts Inaugural Tokenized Fund, the Bitwise Crypto Carry Fund, in Partnership with Superstate

Bitwise Asset Management has officially assumed investment management responsibilities for the Superstate Crypto Carry Fund, which has been rebranded as the Bitwise Crypto Carry Fund. This $259 million tokenized fund utilizes market-neutral basis-trade strategies to capture yield from the premium of crypto futures over spot prices. The fund currently offers a 4% yield and maintains a 0.75% management fee, catering to a diverse range of institutional investors including hedge funds and corporations. While Bitwise takes over management, Superstate will continue to provide the underlying onchain infrastructure through its FundOS platform and serve as a sub-adviser for 120 days. The transition highlights the growing institutional adoption of tokenized funds, a sector that has expanded to over $30 billion globally. By leveraging blockchain for transparency and accessibility, this move underscores the shift toward onchain asset management as a standard for modern financial products. This development reflects broader industry trends where major asset managers integrate specialized fintech infrastructure to scale tokenized real-world assets.

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