Bitwise unveils USCC, a tokenized crypto carry fund with $267M AUM, taking over management from Superstate on June 1, 2026.
Bitwise has announced the Bitwise Crypto Carry Fund, known as USCC, as its first tokenized fund.
The fund will move from Superstate management to Bitwise on June 1, 2026, while Superstate will keep supporting the Onchain systems behind it.
Bitwise Takes Over USCC Management
Bitwise said it will assume management of USCC from Superstate, which launched and managed the fund before the change.
The fund will be renamed the Bitwise Crypto Carry Fund after the transition.
The ticker will remain USCC, and the fund will keep the same smart contracts and token address.
Bitwise said existing investors should not face disruption during the management change.
BREAKING NEWS
In partnership with @superstateinc, we’re excited to announce the Bitwise Crypto Carry Fund (USCC), our inaugural tokenized fund, and a major step forward in how we serve institutional investors onchain.
The fund will transition from Superstate’s management to… pic.twitter.com/gsBPKWOz53
— Bitwise (@Bitwise) May 7, 2026
Superstate will continue to support the fund through its FundOS platform.
That platform handles tokenized issuance and digital transfer agency services for the Onchain fund.
Bitwise described the move as its first step into tokenized funds. The firm said the product is aimed at institutional investors using blockchain-based financial products.
USCC Uses Crypto Basis Trade Strategy
USCC seeks market-neutral yield through the crypto cash-and-carry trade. This strategy uses price gaps between spot crypto assets and futures contracts.
The fund focuses on bitcoin, ether, XRP, and solana. It aims to earn yield from differences between spot prices and futures prices for those assets.
According to the announcement, USCC had more than $267 million in assets under management as of April 30, 2026. The fund will keep its existing structure during the transition.
BREAKING NEWS
In partnership with @superstateinc, we’re excited to announce the Bitwise Crypto Carry Fund (USCC), our inaugural tokenized fund, and a major step forward in how we serve institutional investors onchain.
The fund will transition from Superstate’s management to… pic.twitter.com/gsBPKWOz53
— Bitwise (@Bitwise) May 7, 2026
Bitwise said the fund “seeks to earn yield via the crypto cash-and-carry trade.” The company also said the strategy targets the gap between spot and futures prices.
Market-neutral funds are designed to reduce direct exposure to price swings. However, they can still carry risks linked to trading, custody, liquidity, and markets.
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Superstate Keeps Onchain Technology Role
Superstate will remain involved after Bitwise takes over the fund’s management. Its role will center on the technology that supports USCC Onchain.
The company will continue to operate the fund’s blockchain rails through FundOS.
That system supports issuance, transfers, and investor record services for tokenized funds.
Bitwise said Superstate will continue to provide the technology that powers the fund. The two firms will work together during and after the transfer.
The fund’s tokenized structure allows ownership records to exist on blockchain systems.
Supporters of tokenized funds often cite transparency, transfer speed, and settlement efficiency.
Bitwise said investors have shown more interest in tokenized funds. The firm cited 24/7 trading, DeFi use, transparency, and efficiency as possible features.
The announcement places Bitwise in a growing market for tokenized investment products. Asset managers have been exploring blockchain rails for funds, cash products, and other assets.
The post Bitwise Unveils USCC Tokenized Crypto Carry Fund and Takes Over Superstate Role appeared first on Live Bitcoin News.
