Bitwise completes takeover of Superstate's $259M crypto carry fund
Bitwise completed its takeover of Superstate’s Crypto Carry Fund (USCC), taking over a tokenized, market-neutral crypto fund that seeks yield from cash-and-carry trades between futures and spot prices. The fund kept its USCC ticker and existing smart contracts after the transition. As of May 29, Bitwise said the fund had about $259 million in assets and roughly a 4% yield. Holdings include cash collateral, tokenized Treasury exposure, and crypto assets such as staked Solana, EtherFi’s eETH, and XRP. The fund remains available to qualified purchasers and is supported on DeFi platforms including Aave, Kamino, and Morpho. The move reflects rapid growth in tokenized active-strategy funds, which rose from about $449 million in June 2025 to $1.38 billion by end-May 2026.
