Bitwise to become the investment manager of Superstate’s $267 million AUM tokenized crypto carry fund, USCC.
SAN FRANCISCO and NEW YORK, May 7, 2026 /PRNewswire/ — Bitwise Asset Management, the global crypto asset manager with $11 billion in client assets (as of April 1, 2025), and Superstate, a leading financial technology firm reshaping capital market infrastructure, today announced the intent to transition investment management of the Superstate Crypto Carry Fund (USCC) to Bitwise. Bitwise will become the investment manager of the fund, which will be renamed the Bitwise Crypto Carry Fund.
USCC is a tokenized fund available to qualified purchasers that seeks to capture yield via the crypto cash-and-carry trade, capitalizing on the persistent premium of crypto futures prices over spot prices. With over $267 million1 in assets under management, the fund has attracted a broad base of crypto-native institutional investors, spanning hedge funds, venture funds, corporations, vaults, wealthy individuals, and protocols.
The transition marks Bitwise’s entry into tokenized funds, deepening its presence in a market where it has long been a trusted voice. For Superstate, it reflects a deliberate shift: stepping back from fund management to focus on FundOS, its infrastructure platform for onchain funds, which will continue to power USCC.
“Capital markets are moving onchain. It’s happening fast, and tokenized investment strategies are a core part of this platform shift,” said Hunter Horsley, CEO of Bitwise. “Traditional and crypto-native institutions are …
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