USCC Fund Soars with 5.9% Yield as Crypto Market Sentiment Expands
Bitwise's market-neutral crypto fund has delivered a solid 5.9% annualized yield over the past month, driven by an expanding gap between futures and spot prices.
The USCC fund employs a cash-and-carry strategy, which involves buying major spot assets like Bitcoin and Ethereum while simultaneously selling futures contracts to capture the premium spread without taking directional market risk.
This approach has gained traction among institutional investors seeking yield without exposure to price swings. The fund incorporates liquid staking assets such as weETH and JitoSOL, which generate extra yield through staking rewards.
With approximately $137.7 million in assets under management, the fund's performance underscores the growing demand for sophisticated yield-generating strategies in the crypto space.