Assets · Fund interest · issued by Superstate
Superstate Crypto Carry Fund (USCC)Updated 27 Oct 2026
A tokenised fund that earns the basis between spot crypto and futures, with shares issued as tokens; investment management passed to Bitwise in 2026. Floating NAV.
Issued through Bitwise Crypto Carry Fund (USCC) Live (limited)
Classification · medium confidence
- Legal form
- Fund interest from issuance terms
- Underlying
- Crypto assets · Crypto assets 60%, Money 20%, Government debt 14% (22 Oct 2026)
- Value behaviour
- NAV · pays income
- Ledger role
- Native
Crypto cash-and-carry. Fund page holdings at 22 Oct 2026 (AUM $188.3m, unaudited): spot XRP 17.30%, ETH 15.78%, BTC 14.70%, staked SOL 12.69% (crypto 60.47% of AUM), each hedged with short CME or Coinbase futures of similar notional; US dollars 19.70%; USTB (Superstate's tokenised Treasury fund) $27.04m, 14.36%. The remainder (about 5.5%) is the net value of the futures positions. Long crypto is the majority by holdings, so crypto-assets, although the hedged book earns the basis rather than crypto price moves. Holdings from the issuer page. Raised from low to medium on 2026-10-27: the issuer's SEC Form D states the vehicle type (editor decision 2026-10-21-classification-1).
Sourced[1]. How assets are classified: methodology.
Contracts
Addresses as published by the issuer. Check them on the explorer before relying on them. Supply per network comes from the issuing deployment's on-chain figures.
| Network | Address | Standard | Supply here | Source |
|---|---|---|---|---|
| Ethereum | 0x14d60e…74020c ↗ | ERC-20 | ~$87.59m | [3] |
| Plume | 0x4c21b7…1454cf ↗ | ERC-20 | ~$14.55m | [3] |
| Solana | BTRR3sj1…SxUCaK ↗ | SPL Token-2022 | ~$6.98m | [3] |
Takes as collateral USCC
- Aave HorizonLive (limited)[6]
Sources
- [1]Form D notice of exempt offering of securities — Superstate Crypto Carry Fund, a series of Superstate Asset Trust (SEC EDGAR), 17 Jul 2025. Accessed 27 Oct 2026. Series of a Delaware statutory trust filing as a pooled investment fund relying on Investment Company Act section 3(c)(7); Rule 506(c); first sale 12 Jul 2024..A
- [2]Introducing the Superstate Crypto Carry Fund (USCC) — Superstate, 22 Jul 2024. Accessed 11 Oct 2026.B
- [3]Smart contracts — Superstate. Accessed 12 Oct 2026.B
- [4]USCC asset page (fund profile metadata) — RWA.xyz. Accessed 21 Oct 2026. Profile metadata read from the page's embedded JSON on 2026-10-21: NAV $11.80 and rising; crypto basis strategies across crypto assets and US Treasuries..C
- [5]Bitwise Crypto Carry Fund (USCC): holdings as of 22 Oct 2026 — Superstate, 22 Oct 2026. Accessed 26 Oct 2026. Holdings table (asset, quantity, notional value, portfolio %), unaudited; AUM $188,341,343 and NAV per share $11.804695 as of 22 Oct 2026. The page now names the fund 'Bitwise Crypto Carry Fund'..B
- [6]Aave Horizon Launches — Aave Labs, 26 Aug 2025. Accessed 8 Nov 2026.B