Bitwise unveils USCC, a tokenized crypto carry fund with $267M AUM, taking up administration from Superstate on June 1, 2026.
Bitwise has introduced the Bitwise Crypto Carry Fund, referred to as USCC, as its first tokenized fund.
The fund will transfer from Superstate administration to Bitwise on June 1, 2026, whereas Superstate will preserve supporting the Onchain techniques behind it.
Bitwise Takes Over USCC Administration
Bitwise mentioned it is going to assume administration of USCC from Superstate, which launched and managed the fund earlier than the change.
The fund shall be renamed the Bitwise Crypto Carry Fund after the transition.
The ticker will stay USCC, and the fund will preserve the identical good contracts and token deal with.
Bitwise mentioned current traders shouldn’t face disruption in the course of the administration change.
BREAKING NEWS
In partnership with @superstateinc, we’re excited to announce the Bitwise Crypto Carry Fund (USCC), our inaugural tokenized fund, and a serious step ahead in how we serve institutional traders onchain.
The fund will transition from Superstate’s administration to… pic.twitter.com/gsBPKWOz53
— Bitwise (@Bitwise) Could 7, 2026
Superstate will proceed to assist the fund by its FundOS platform.
That platform handles tokenized issuance and digital switch company providers for the Onchain fund.
Bitwise described the transfer as its first step into tokenized funds. The agency mentioned the product is geared toward institutional traders utilizing blockchain-based monetary merchandise.
USCC Makes use of Crypto Foundation Commerce Technique
USCC seeks market-neutral yield by the crypto cash-and-carry commerce. This technique makes use of value gaps between spot crypto property and futures contracts.
The fund focuses on bitcoin, ether, XRP, and solana. It goals to earn yield from variations between spot costs and futures costs for these property.
Based on the announcement, USCC had greater than $267 million in property underneath administration as of April 30, 2026. The fund will preserve its current construction in the course of 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 serious step ahead in how we serve institutional traders onchain.
The fund will transition from Superstate’s administration to… pic.twitter.com/gsBPKWOz53
— Bitwise (@Bitwise) Could 7, 2026
Bitwise mentioned the fund “seeks to earn yield by way of the crypto cash-and-carry commerce.” The corporate additionally mentioned the technique targets the hole between spot and futures costs.
Market-neutral funds are designed to cut back direct publicity to cost swings. Nonetheless, they will nonetheless carry dangers linked to buying and selling, custody, liquidity, and markets.
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Superstate Retains Onchain Expertise Position
Superstate will stay concerned after Bitwise takes over the fund’s administration. Its position will heart on the expertise that helps USCC Onchain.
The corporate will proceed to function the fund’s blockchain rails by FundOS.
That system helps issuance, transfers, and investor file providers for tokenized funds.
Bitwise mentioned Superstate will proceed to offer the expertise that powers the fund. The 2 companies will work collectively throughout and after the switch.
The fund’s tokenized construction permits possession data to exist on blockchain techniques.
Supporters of tokenized funds typically cite transparency, switch velocity, and settlement effectivity.
Bitwise mentioned traders have proven extra curiosity in tokenized funds. The agency cited 24/7 buying and selling, DeFi use, transparency, and effectivity as attainable options.
The announcement locations Bitwise in a rising marketplace for tokenized funding merchandise. Asset managers have been exploring blockchain rails for funds, money merchandise, and different property.