According to TechFlow, on July 22, CoinDesk reported that blockchain asset management company Superstate launched a new tokenized fund to profit from the "carry trade" strategy of Bitcoin and Ethereum. The new fund will generate income based on cash and carry investment strategies. CEO Robert Leshner called it a "highly regulated product" for qualified investors.
The new fund’s USCC token is an ERC-20 token, which ensures market neutrality and avoids price volatility risks by purchasing spot Bitcoin (BTC) and Ethereum (ETH) and selling corresponding futures contracts at the same time. This strategy allows investors to profit without taking on market direction risks, similar to the operations of some hedge funds.
To execute futures trades, Superstate works with prime brokerage firms, while spot assets are held by custody partner Anchorage Digital. The company’s first tokenized fund has successfully raised approximately $80 million in assets, primarily investing in short-term U.S. Treasury bonds.
