#USCC
2 articles tagged #USCC — curated RWA tokenization coverage.
7.5
Active Strategies
coinmarketcap.com·1d ago
Bitwise To Take Over Superstate's $267M Tokenized Carry Fund
Bitwise Asset Management is set to acquire the management responsibilities for the Superstate Crypto Carry Fund, which currently oversees $267 million in assets under the ticker USCC. Effective June 1, the fund will be rebranded as the Bitwise Crypto Carry Fund, though it will maintain its existing smart contracts, token address, and operational mechanics. This transition marks Bitwise's strategic entry into the tokenized fund sector, leveraging its $11 billion in total crypto assets under management. The fund utilizes a cash-and-carry basis trade strategy, capturing spreads between spot prices and futures contracts to generate returns. Notably, over $100 million of the fund's capital is actively deployed as collateral within DeFi protocols such as Aave and Kamino. Superstate will continue to provide the underlying on-chain infrastructure via its FundOS platform, ensuring continuity for existing investors. This partnership highlights the growing institutional trend of migrating traditional investment strategies on-chain to benefit from 24/7 liquidity, increased transparency, and DeFi interoperability.
8.0
Active Strategies
Bitwise completes takeover of Superstate's $259M crypto carry fund
Bitwise has officially assumed management of the $259 million Crypto Carry Fund (USCC) from Superstate, marking a significant consolidation in the tokenized active-strategy market. The fund utilizes market-neutral crypto cash-and-carry trades to generate yield, currently reporting approximately 4% returns. Its portfolio comprises a diverse mix of cash collateral, tokenized Treasurys, and digital assets such as staked Solana, EtherFi's wrapped Ether, and XRP. While Bitwise takes over the fund's management, the USCC ticker and existing smart contracts remain unchanged, ensuring continuity for qualified purchasers. Superstate is pivoting its strategic focus toward its FundOS tokenized fund platform following this transition. This move highlights the rapid expansion of the tokenized active-strategy sector, which grew from $449 million to $1.38 billion in assets between June 2025 and May 2026. As major asset managers increasingly integrate crypto strategies into both tokenized vehicles and ETFs, this acquisition underscores the growing institutional appetite for sophisticated, yield-generating digital asset products.