USCC
Overview
As of 01/16/2025
Assets Under Management
$100.61M
NAV per Share
$10.509661
30-Day Yield 1
10.52%
Management Fee 2
0.75%
The Superstate Crypto Carry Fund (the “Fund”) offers Qualified Purchasers access to crypto
basis (differential between the spot and future price) strategies. The Fund optimizes the
yield and risk of crypto cash-and-carry trades across the Bitcoin basis, Ether basis
(including staking Ether), and U.S. Treasury securities. Ownership in the Fund is
recognized by an ERC-20 token, USCC, or book-entry recordkeeping. Subscriptions and
redemptions are facilitated through USD or USDC, with liquidity each market day. 3
For more information on the mechanics behind USCC see our Documentation
Historical Data
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Network details
Ethereum | |
Book-Entry | Shares 3,885,516.50 (40.59%) |
Fund service providers & structure
Custodian | Anchorage Digital |
Auditor | Ernst & Young LLP |
NAV Calculation Agent | NAV Fund Services |
Investment Manager | Superstate Inc. |
Domicile | United States |
Structure | The Fund is a series of a Delaware Statutory Trust |
Eligible Investors | Qualified Purchasers in supported jurisdictions |
Holdings
4As of 01/13/2025
| Asset | Quantity | Implied Yield | Notional Value | Portfolio % |
|---|---|---|---|---|
| USDC | 501.05 | 0.00% | $501.05 | 0.00% |
| USTB | 2,555,290.03 | 4.29% | $26,901,597.69 | 27.82% |
| Bitcoin (Custody) | 310.56 | 0.00% | $28,726,372.29 | 29.71% |
| Bitcoin (Collateral) | 124.37 | 0.00% | $11,504,132.50 | 11.90% |
| Ether (Custody) | 0.23 | 0.00% | $691.79 | 0.00% |
| Ether (Collateral) | 1,684.96 | 0.00% | $5,159,347.52 | 5.34% |
| Ether (Staked) | 5,184.00 | 2.83% | $15,873,408.00 | 16.42% |
| Liquid Collective Staked Ether (lsETH) | 2,602.14 | 3.05% | $8,516,500.52 | 8.81% |
| ETH Forward 31JAN25 | -2,820.00 | 9.83% | -$8,675,730.00 | -8.97% |
| ETH Forward 28MAR25 | -4,086.00 | 9.96% | -$12,762,621.00 | -13.20% |
| ETH Forward 27JUN25 | -2,518.80 | 10.51% | -$8,077,791.60 | -8.35% |
| BTC Forward 31JAN25 | -175.27 | 11.91% | -$16,305,543.37 | -16.87% |
| BTC Forward 28FEB25 | -60.00 | 11.68% | -$5,630,700 | -5.82% |
| BTC Forward 28MAR25 | -190.15 | 11.48% | -$17,995,986.15 | -18.61% |
| Portfolio | 9.83% |
Disclaimers
Past performance does not guarantee future results.
The Superstate Crypto Carry Fund (“USCC”) will be limited to Investors that meet certain criteria.
Investors will be required to provide certain personal and financial information before eligibility
to participate in this offering is determined. The information gathered is to ensure compliance
with applicable laws including anti-money laundering as well as “qualified purchaser” status,
as defined under the Investment Company Act of 1940, and “accredited investor” status, as defined
under the Securities Act of 1933. No investment should be made until all Fund Offering Documents,
which are available upon request, are thoroughly reviewed and understood.
1 30 Day Yield is reflective of the accrued net income from the Fund’s underlying holdings over the past thirty days divided by the average outstanding shares for that same period, divided by the last calculated NAV of the Fund, and then annualized. This 30 Day Yield calculation is inclusive of fees and expenses, which are not accrued until the Fund reaches a $50 million Net Asset Value. The return of the Fund’s underlying holdings are variable and will vary.
2 Management Fee will not accrue until the Fund reaches a $50 million Net Asset Value; once reached, the management fee will accrue daily. This is not inclusive of all fees and expenses that may be incurred by investing in the Fund.
3 The facilitation of USDC facilitation to USD is done through a third party. Daily liquidity facilitated through USDC is subject to risks as outlined within the Fund Offering Documents.
4 Portfolio holdings are shown as of the date indicated and are unaudited. As provided: Quantity is the number of the corresponding asset (shares, contracts, etc.); Implied Yield is the annualized yield of the respective holdings if held until maturity, or otherwise not sold; Notional Value is the Quantity multiplied by the Asset’s last provided price; Portfolio % is the percentage that each Asset’s Notional Value comprises of the overall Fund Assets. As detailed within the Fund Documents it is within the Investment Manager’s discretion on whether to buy, hold, or sell an asset and portfolio holdings will change. The provided data is not indicative of future portfolio composition and is not intended to, and does not constitute a recommendation.