"Bitwise Asset Management is taking over USCC, a $277.8 million crypto carry fund, to manage tokenized crypto basis strategies. The fund seeks yield from crypto cash-and-carry trades and includes crypto-related positions, futures contracts, collateral assets, and U.S. Treasury securities. Ownership is recognized through USCC, held either as a token or through book-entry record keeping."
Bitwise Asset Management is taking over USCC, a $277.8 million crypto carry fund, to manage tokenized crypto basis strategies. The fund seeks yield from crypto cash-and-carry trades and includes crypto-related positions, futures contracts, collateral assets, and U.S. Treasury securities. The transition preserves the fund's ticker, smart contracts, and token address, marking Bitwise's entry into tokenized funds and deepening its presence in the market.
Read at news.bitcoin.com
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