Bitwise Crypto Carry Fund

USCC can be transferred freely, but only between wallet addresses on Superstate's allowlist.

“USCC is freely transferable between wallet addresses on the Allowlist.”

Investors must be qualified purchasers, pass KYC/AML screening and be approved before applying to a fund.

“Investors must be Qualified Purchasers and pass KYC/AML screening, and must be approved before applying to a fund.”

Redemption proceeds arrive T+1 for requests before 5pm ET, otherwise T+2.

“Proceeds are delivered T+1 for requests received before 5pm ET, or T+2 after.”

The fund seeks yield from Bitcoin and Ether basis strategies, including staking, alongside US Treasury securities.

“USCC seeks yield from crypto basis strategies (the differential between spot and futures prices) across Bitcoin and Ether, including staking, alongside U.S. Treasury securities.”

Superstate's token contracts are upgradable, and key functions can only be called by the Superstate admin address.

“Our smart contracts are upgradable and various functions are gated behind the Superstate Admin Address calling them.”

The Superstate admin address controls the allowlist and can forcibly burn an investor's tokens, for example if legal circumstances require it.

“This includes all minting, adding or removing users from the allowlist, and forcibly burning an investor’s tokens (if required by exogenous legal circumstances, for example).”

Superstate mints new fund tokens when investors subscribe.

“Superstate can call the mint function to mint new shares of the token when investors subscribe to the fund”