Bitwise Launches Tokenized Crypto Carry Fund for Institutional Investors
- Bitwise’s new Crypto Carry Fund (USCC) will target yields from the price differences between spot and futures of assets like Bitcoin, Ethereum, and XRP.
- The fund, managed by Bitwise starting June 1, has over $267 million in assets under management (AUM).
- Superstate, the original owner of the fund, will continue to support its on-chain infrastructure through its tokenization platform FundOS.
- The fund currently includes over 100 institutional investors and has deployed $100 million as collateral across top DeFi platforms such as Aave.
- Bitwise’s CIO Matt Hougan emphasized that every fund will eventually be tokenized, highlighting a significant trend in asset management.
The launch of the Crypto Carry Fund marks a notable shift towards on-chain asset management for institutional investors, reflecting growing interest in tokenization within the financial sector.
With over $267 million in AUM and plans for further tokenized funds, Bitwise is positioning itself at the forefront of this evolving landscape in finance.(Source)
