Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'
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Bitwise is set to take over the management of Superstate’s $267 million Crypto Carry Fund on June 1, rebranding it as the Bitwise Crypto Carry Fund while retaining Superstate’s blockchain infrastructure. The fund will provide qualified investors with a crypto cash-and-carry strategy, capitalizing on the price differences between spot and futures crypto prices in bullish markets. This acquisition marks Bitwise’s entry into tokenized funds as Superstate pivots to its FundOS tokenization platform, amidst a surge in tokenized real-world assets exceeding $30 billion globally.
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