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Bitwise Launches Tokenized Crypto Carry Fund USCC
Bitwise launched the Bitwise Crypto Carry Fund, or USCC, as what Chief Investment Officer Matt Hougan called the first tokenized crypto fund. Hougan said USCC uses a market-neutral strategy that primarily seeks returns from crypto basis trades. USCC is currently open to qualified investors, and fund shares are issued under relevant exemption provisions of U.S. securities laws.