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Crypto Asset Manager to Take Over Superstate’s $267 Million USCC Fund

Bitwise said it will assume investment management of USCC on June 1, renaming the tokenized fund the Bitwise Crypto Carry Fund as it reports $260 million in assets and more than 100 institutional investors.

Fact Check
All core elements of the claim are confirmed by multiple authoritative sources. The official @Bitwise X post and PR Newswire press release directly confirm: (1) Bitwise is taking over management of the USCC fund from Superstate; (2) the fund is renamed the Bitwise Crypto Carry Fund while retaining the USCC ticker; (3) the fund employs a market-neutral crypto cash-and-carry (basis trade) strategy; (4) it is available to qualified investors; and (5) Superstate continues to support the underlying technology via its FundOS platform. CoinDesk and The Block independently corroborate the $267M AUM figure (as of April 30, 2026) and the June 1, 2026 transition date. Bitwise CIO Matt Hougan's personal post further validates the announcement. There are no conflicting reports. The claim accurately summarizes the event with no material inaccuracies.
Summary

Bitwise announced it will assume investment management of the tokenized crypto fund USCC effective June 1 and rename it the Bitwise Crypto Carry Fund. The firm said the fund has $260 million in assets and more than 100 institutional investors, and added that it manages more than $11 billion in client assets. The update adds new asset and investor figures to earlier reporting that described USCC as a tokenized fund tied to a market-neutral basis trade strategy and a transition from Superstate, which was said to continue supporting the underlying technology.

Terms & Concepts
  • tokenized fund: An investment fund whose ownership or related interests are represented using blockchain-based infrastructure or digital tokens.
  • Bitwise Crypto Carry Fund: The new name Bitwise said USCC will adopt on June 1 as it takes over investment management of the tokenized crypto fund.