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Wu said that Bitwise announced a partnership with Superstate to launch its first tokenized fund, the Bitwise Crypto Carry Fund (USCC).
As of April 30, 2026, the fund's assets under management exceeded $267 million, and it is scheduled to be managed by Superstate until June 1, 2026, after which management will transfer to Bitwise.
USCC primarily generates returns through cash-and-carry strategies based on spot and futures price differences in Bitcoin, Ethereum, XRP, and Solana.
Bitwise stated that after the management switch, the fund will continue to retain the USCC code, smart contracts, and token addresses, while Superstate will continue to provide infrastructure services such as on-chain issuance and transfer agents through its FundOS platform.