Bitwise has accomplished its acquisition of Superstate's Crypto Carry Fund (USCC), giving the asset administration firm management of a tokenized funding car that generates yield utilizing a market-neutral crypto buying and selling technique.
Bitwise introduced on Might 7 that it’ll take over administration of the fund from Superstate because the infrastructure firm shifts its focus to its tokenized fund platform, FundOS.
The Fund is offered to eligible purchasers and seeks to generate revenue by cash-and-carry buying and selling of cryptocurrencies, a technique that captures the premium between the futures and spot costs of cryptocurrencies. The USCC token ticker and present good contracts might be preserved after the migration.
The fund had about $259 million in property below administration as of Might 29, and reported a yield of about 4%, in accordance with Bitwise. In keeping with the fund's disclosures, the portfolio consists of money collateral, tokenized U.S. Treasury publicity, and staked Solana (SOL), EtherFi Wrapped Ether (eETH), $XRP ($XRP).
Superstate's web site exhibits that USCC inventory helps lending and borrowing exercise on DeFi protocols together with Aave, Kamino, and Morpho.
Bitwise, a San Francisco-based crypto asset administration firm based in 2017, mentioned it manages about $11 billion in shopper property, together with ETFs, non-public funds, individually managed accounts and staking merchandise.
Bitwise Crypto Carry Fund. sauce: tremendous state
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Tokenized lively technique funds are rising quickly
The acquisition comes amid fast progress in tokenized lively technique funds, a class that features funds associated to crypto carry buying and selling, index methods, and volatility-focused merchandise.
Property in tokenized lively technique funds grew from roughly $449 million in June 2025 to roughly $1.38 billion by the tip of Might 2026, a rise of greater than 200% in 12 months, in accordance with knowledge from RWA.xyz.
sauce: RWA.xyz
The biggest merchandise on this class embrace the EU-traded Spico Amundi In a single day Swap Fund (approx. $428 million in distributions), the Mantle Index for Fund (approx. $134 million), and the Crusing Funding Restricted Partnership Fund (approx. $105 million).
Asset managers are additionally introducing actively managed crypto methods to the exchange-traded fund (ETF) market. In March, T. Rowe Value introduced that Bitcoin (BTC) and Ether ($ETH), Solana, $XRP.
The next month, Goldman Sachs filed to launch an actively managed Bitcoin Earnings ETF that might generate yield by promoting choices tied to bodily Bitcoin exchange-traded merchandise.
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