The new USCC fund uses a market-neutral basis strategy by holding BTC, ETH, SOL and XRP while selling futures, and its tokens can be used as collateral on Aave (decentralized lending protocol), Kamino and Morpho (onchain lending protocol).
Bitwise has launched the $259 million tokenized Crypto Carry Fund, called USCC, with a stated 4% annual yield. According to the provided information, the fund follows a market-neutral basis strategy by holding Bitcoin, Ethereum, Solana and XRP while selling futures, a structure commonly used to capture the price difference between spot assets and derivatives while reducing directional market exposure. The fund’s tokens are also accepted as collateral on Aave (decentralized lending protocol), Kamino and Morpho (onchain lending protocol), extending their use within crypto lending markets.