Bitwise has taken a major step into the tokenization sector, and XRP is part of the plan. Now, XRP on Bitwise is a reality. The asset manager recently assumed control of the Bitwise Crypto Carry Fund (USCC), a $259 million investment vehicle that has become the first on-chain product in the firm’s history.
What stands out is the inclusion of XRP on Bitwise, alongside Bitcoin, Ethereum, and Solana. Each asset holds equal importance within the fund’s underlying basket. This move places XRP at the center of a new strategy designed for institutional investors seeking yield rather than price speculation.
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XRP on Bitwise Benefits From Market-Neutral Strategy
Unlike traditional crypto funds, USCC does not rely on rising token prices to generate returns. Instead, it uses a basis trade strategy. The fund buys spot assets while simultaneously shorting futures contracts tied to those same assets.
This approach allows the fund to profit from pricing differences between spot and futures markets. As a result, returns are generated regardless of whether the broader crypto market moves up or down.
Bitwise CEO Hunter Horsley confirmed that assets under management have already exceeded $250 million. The fund is also producing a 30-day yield of roughly 4% annualized. That early traction suggests institutional demand for alternative crypto income strategies remains strong.
XRP on Bitwise Expands Across Wall Street and DeFi
The tokenized structure creates another advantage. Fund shares are issued through Superstate’s FundOS platform, making them usable as collateral across major DeFi protocols such as Aave Horizon, Kamino, and Morpho.
This solves a common problem for large investors. Capital can continue earning yield within the fund while simultaneously supporting other transactions through borrowed stablecoins.
At the same time, Bitwise’s spot ETF products continue attracting traditional market capital. The firm’s XRP ETF currently holds hundreds of millions of dollars in assets and has recorded substantial cumulative inflows.
Together, these products create two separate gateways for institutional money. One connects Wall Street to XRP through ETFs. The other brings XRP into the growing world of tokenized finance and decentralized markets.
While access remains limited to qualified investors, the development highlights XRP’s expanding role within institutional crypto strategies.
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