Bitwise to Manage Superstate’s $267 Million Crypto Carry Fund
Bitwise is set to take over the management of Superstate’s $267 million Superstate Crypto Carry Fund on June 1, 2026, transitioning it to the Bitwise Crypto Carry Fund. This marks Bitwise's entry into the tokenized fund market as investor interest in such products grows, according to CoinDesk.
On June 1, 2026, Bitwise plans to assume management of Superstate’s $267 million Superstate Crypto Carry Fund, renaming it the Bitwise Crypto Carry Fund. The fund employs a cash-and-carry strategy, aiming to capitalize on the difference between spot and futures prices in bullish market conditions. Over $100 million of the fund's assets are currently used as collateral in decentralized finance (DeFi) platforms like Aave and Kamino.
This acquisition represents Bitwise's first involvement in the rapidly growing market for tokenized investment products. Superstate, founded by Compound creator Robert Leshner, is shifting focus to its FundOS tokenization platform. Tokenized funds have garnered attention as traditional investment firms, including BlackRock and Fidelity, expand their offerings. Data indicates that the global market for tokenized real-world assets has surpassed $30 billion.
One of the advantages of tokenization is the ability for investors to possess blockchain-based ownership tokens, facilitating easier transfers and reducing settlement delays. Despite the transition, the fund's structure will remain largely the same, with existing investors retaining the USCC ticker and blockchain address while Superstate continues to manage token issuance and transfers.
Bitwise manages approximately $11 billion in crypto assets across various products and aims to grow its footprint in the tokenization space amid increasing institutional interest in these innovative financial structures.
Summary based on original reporting by Helene Braun at CoinDesk, originally published May 7, 2026. SolanaWire does not republish source content.
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