Bitwise Asset Management has taken over the management of a tokenised crypto investment fund previously operated by Superstate.

Bitwise Asset Management and Superstate have completed the transition of the Superstate Crypto Carry Fund (USCC) to Bitwise and renamed it the Bitwise Crypto Carry Fund. The fund manages more than US$259m in assets  The fund seeks to generate yield through a crypto cash-and-carry strategy, which aims to benefit from the difference between spot and futures prices of cryptocurrencies. Bitwise said that the fund manages more than US$259m in assets and currently has a reported yield of fou