Bitwise accomplished its takeover ofSuperstate’s Crypto Carry Fund (USCC), giving the asset supervisor management of a tokenized funding automobile that makes use of market-neutral crypto buying and selling methods to generate yield.
Bitwise mentioned on Might 7 it might assume administration of the fund from Superstate because the infrastructure firm shifted its focus towards FundOS, its tokenized fund platform.
The fund is offered to certified purchasers and seeks to generate yield by crypto cash-and-carry trades, a method that captures the premium between cryptocurrency futures and spot costs. It retains the USCC token ticker and current sensible contracts following the transition.
In keeping with Bitwise, the fund held roughly $259 million in property below administration as of Might 29 and reported round a 4% yield. Fund disclosures present the portfolio consists of 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 consumer property throughout ETFs, personal funds, individually managed accounts and staking merchandise.
Bitwise Crypto Carry Fund. Supply: Superstate
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Tokenized active-strategy funds see speedy development
The takeover comes amid speedy development in tokenized active-strategy funds, a class that features funds tied to crypto carry trades, index methods and volatility-focused merchandise.
RWA.xyz information 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 $105 million.
Asset managers are additionally bringing actively managed crypto methods to the exchange-traded fund (ETF) market. In March, T. Rowe Worth amended plans for an actively managed crypto ETF that will be permitted to take a position instantly in digital property together with Bitcoin (BTC), Ether ($ETH), Solana and $XRP.
The next month, Goldman Sachs filed to launch an actively managed Bitcoin earnings ETF that will generate yield by promoting choices tied to identify Bitcoin exchange-traded merchandise.
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