Odaily Planet Daily reports: Matt Hougan, Chief Investment Officer at Bitwise Asset Management, announced on X the launch of the first tokenized fund, the Bitwise Crypto Carry Fund (USCC), stating, “Eventually, every fund will be tokenized.” The USCC fund employs a market-neutral strategy, primarily generating returns through crypto market basis trades. Currently, USCC shares are available to accredited investors and are issued under applicable exemptions from U.S. securities laws.
Bitwise Launches First Tokenized Crypto Fund, USCC
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Summary
Bitwise launches its first tokenized crypto fund, USCC, offering a market-neutral strategy focused on basis trades in the crypto market. The fund is available to qualified investors under exemptions from crypto regulations. This move follows broader developments in the crypto market, as tokenized products gain momentum among institutional investors. Shares are issued under U.S. securities law exemptions, accessible exclusively to accredited investors.
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