Bitwise Asset Management acquires Superstate's USCC fund for $267 million
Here's what it means for you.
This acquisition signals a significant shift in the institutional investment landscape towards tokenized products.
What happened
Bitwise is taking over Superstate’s USCC fund, a significant step into the tokenized investment space.
The Context
- The USCC fund is a crypto carry fund that will retain its ticker and token address post-acquisition.
- Superstate will continue to support the on-chain infrastructure for the fund.
- This acquisition reflects a broader trend of increasing institutional adoption of tokenized investment products.
Takeaway
The acquisition positions Bitwise to capitalize on the growing demand for tokenized investment products among institutional investors.
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Bitwise enters tokenized funds with planned takeover of Superstate’s $267M USCC fund
Bitwise has announced its acquisition of Superstate's $267 million USCC fund, marking a significant entry into the tokenized investment products market. This move reflects the growing institutional interest in cryptocurrency and tokenization as a via...
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Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'
Bitwise has announced its acquisition of Superstate's $267 million USCC fund, marking a significant entry into the tokenization market as institutional interest in tokenized investment products continues to grow. This move reflects a broader trend in...