Bitwise accomplished its takeover ofSuperstate’s Crypto Carry Fund (USCC), giving the asset supervisor management of a tokenized funding car that makes use of market-neutral crypto buying and selling methods to generate yield.
Bitwise mentioned on Might 7 it will assume administration of the fund from Superstate because the infrastructure firm shifted its focus towards FundOS, its tokenized fund platform.
The fund is accessible to certified purchasers and seeks to generate yield via crypto cash-and-carry trades, a technique that captures the premium between cryptocurrency futures and spot costs. It retains the USCC token ticker and current good contracts following the transition.
In line with Bitwise, the fund held roughly $259 million in property beneath administration as of Might 29 and reported round a 4% yield. Fund disclosures present the portfolio contains a mixture of money collateral, tokenized Treasurys publicity and crypto property, together with staked Solana (SOL), EtherFi’s wrapped Ether (eETH) and $XRP ($XRP).
Superstate’s web site reveals USCC shares are supported on DeFi protocols together with Aave, Kamino and Morpho for borrowing and lending actions.
Bitwise, a San Francisco-based crypto asset supervisor based in 2017, mentioned it manages roughly $11 billion in shopper property throughout ETFs, personal funds, individually managed accounts and staking merchandise.
Bitwise Crypto Carry Fund. Supply: Superstate
Associated: Bitwise calls $HYPE ‘most mispriced’ crypto regardless of 77% rise this 12 months
Tokenized active-strategy funds see fast development
The takeover comes amid fast development in tokenized active-strategy funds, a class that features funds tied to crypto carry trades, index methods and volatility-focused merchandise.
RWA.xyz knowledge reveals tokenized active-strategy funds grew from roughly $449 million in property in June 2025 to about $1.38 billion by the tip of Might 2026, a rise of greater than 200% over the 12 months.
Supply: RWA.xyz
The class’s largest merchandise embody the EU-traded Spiko Amundi In a single day Swap Fund, with roughly $428 million in distributed worth, the Mantle Index 4 Fund with about $134 million and the Crusing Funding Restricted Partnership Fund with round $105 million.
Asset managers are additionally bringing actively managed crypto methods to the exchange-traded fund (ETF) market. In March, T. Rowe Value amended plans for an actively managed crypto ETF that may be permitted to take a position immediately in digital property together with Bitcoin (BTC), Ether ($ETH), Solana and $XRP.
The next month, Goldman Sachs filed to launch an actively managed Bitcoin earnings ETF that may generate yield by promoting choices tied to identify Bitcoin exchange-traded merchandise.
Journal: $HYPE chases $100 goal, $ETH might dump under $1800: Market Strikes
