Bitwise
InstitutionsActive· US

Bitwise

Quietly becoming the Vanguard of crypto. USCC is the first move into tokenized funds, running the carry trade onchain inside an SEC wrapper. The boring strategy might be the winning one if ETF inflows keep compounding.

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Brief

Crypto index and ETF provider. One of the largest institutional on-ramps for diversified digital asset exposure. May 2026: takes over USCC, the firm's first tokenized fund. Built on Superstate's FundOS. Transitions from Superstate's management June 1, 2026 and rebrands to Bitwise Crypto Carry Fund.

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Recent activity

Latest moves on the changelog feed.

  • May 7, 2026WIRED

    Bitwise → Superstate. Bitwise's inaugural tokenized fund (USCC) lands on Superstate's FundOS. $267M+ AUM Crypto Carry Fund transitions from Superstate's management to Bitwise on June 1, 2026 (becomes Bitwise Crypto Carry Fund). Same ticker, smart contracts, token address. Second external manager after Invesco took USTB. Superstate's pivot to infrastructure-only is set.

  • Mar 29, 2026WIRED

    Bitwise ↔ Morpho. BTC lending via Lombard Smart Accounts.

  • Mar 29, 2026WIRED

    Bitwise → Morpho. USDC vault curation.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries, Equities, Private credit
Regulatory
sec-reg-d, sec-spot-etf
Jurisdiction
US
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Milestones

How this player got here.

  1. May 2026Bitwise → Superstate. Inaugural tokenized fund (USCC). Takes over Crypto Carry Fund management June 1, 2026.
  2. Mar 2026Bitwise ↔ Morpho. BTC lending via Lombard Smart Accounts.
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Connections

Who they build with, build on, integrate with.