XRP Gets Featured in Bitwise's First-Ever $259 Million Tokenized Fund, CEO Speaks Out

utoday06-01 16:20

Asset manager Bitwise has entered the tokenization market, taking over management of the Bitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure's history...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640486997?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-01 16:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640486997","market":"nz","top_or_hot":-1,"title":"XRP Gets Featured in Bitwise's First-Ever $259 Million Tokenized Fund, CEO Speaks Out","media":"utoday","content":"<div>\n<p>Asset manager Bitwise has entered the tokenization market, taking over management of the Bitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure's history...</p>\n\n<a href=\"https://u.today/xrp-gets-featured-in-bitwises-first-ever-259-million-tokenized-fund-ceo-speaks-out\">Source Link</a>\n\n</div>\n","source":"utodaynews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XRP Gets Featured in Bitwise's First-Ever $259 Million Tokenized Fund, CEO Speaks Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXRP Gets Featured in Bitwise's First-Ever $259 Million Tokenized Fund, CEO Speaks Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-01 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://u.today/xrp-gets-featured-in-bitwises-first-ever-259-million-tokenized-fund-ceo-speaks-out><strong>utoday</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asset manager Bitwise has entered the tokenization market, taking over management of the Bitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure's history...</p>\n\n<a href=\"https://u.today/xrp-gets-featured-in-bitwises-first-ever-259-million-tokenized-fund-ceo-speaks-out\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRPI","symbol_name":"1倍XRP ETF-Volatility Shares","start_time":0,"source_url":"https://u.today/xrp-gets-featured-in-bitwises-first-ever-259-million-tokenized-fund-ceo-speaks-out","article_id":"2640486997","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/xrp-gets-featured-in-bitwises-first-ever-259-million-tokenized-fund-ceo-speaks-out","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640486997","pubTimestamp":1780302000,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"Asset manager Bitwise has entered the tokenization market, taking over management of theBitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure's history.","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPI":"1倍XRP ETF-Volatility Shares","XRPT":"2倍杠杆XRP ETF-Volatility Shares","XRPC":"Canary XRP ETF","XRPK":"T-REX 2x Long XRP Daily Target ETF","UXRP":"Proshares Ultra XRP ETF","XRPZ":"Franklin XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","TOXR":"21shares XRP ETF","BITW":"Bitwise 10 Crypto Index ETF","XRPR":"REX-OSPREY XRP ETF","XRP":"Bitwise XRP ETF"},"translate_title":"首席执行官表示，XRP成为Bitwise首个2.59亿美元代币化基金的特色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRPT":1.5,"XRPI":1.5,"XXRP":1.5,"XRPK":0.6,"UXRP":1.5,"XRPC":1.5,"TOXR":1.5,"XRPR":0.6,"BITW":1.5,"XRPZ":1.5,"XRP":1.5},"content_text":"Asset manager Bitwise has entered the tokenization market, taking over management of the Bitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure's history. Interestingly, XRP was included in the basket of the fund's underlying assets on absolutely equal terms with BTC, ETH and SOL.Commenting on the launch, Bitwise CEO Hunter Horsley confirmed the fund's on-chain launch and reported its first results: AUM exceeded $250 million, while the current 30-day yield remains at around 4% annualized.Bitwise deploys XRP into on-chain DeFiUnlike traditional models, the fund does not bet on price appreciation. Instead, profit is extracted from market inefficiency through a basis trade strategy: USCC buys spot assets and simultaneously shorts futures on them. In this way, the product generates yield from the price difference, or basis, completely ignoring the direction of the trend.The main hook for institutions is the elimination of the \"dead capital\" problem, as the fund's shares are tokenized on Superstate's FundOS platform. This turns USCC shares into liquid overcollateral that is already accepted by DeFi heavyweights Aave Horizon, Kamino and Morpho.Large players get a combo: capital generates yield inside the fund, while stablecoins can be instantly extracted against it as collateral for other deals.While tokenized USCC is gaining traction on on-chain protocols, liquidity is being pumped on the NYSE by spot Bitwise ETFs, including the XRP one. As of this writing, its net assets stand at $343.58 million with a share price of $14.25, while cumulative net inflows have reached $471.17 million.Bitwise XRP ETF (XRP) performance, Source: SoSoValueIn the context of existing products, USCC effectively doubles the brand's presence by creating two independent gateways: the ETF collects classic Wall Street money, while the new fund packages institutional capital into DeFi.Importantly, the product is closed to retail investors, and fund shares are distributed through a private placement. This means the fund is available only to qualified investors, is not registered with the SEC, and its managers openly warn that achieving the investment objectives is not guaranteed.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640486997","isCrawlerRequest":true}