Crypto firm Superstate launches Crypto Carry Fund for wealthy investors in Bitcoin and Ethereum spot and futures markets.

Crypto firm Superstate introduced its new Crypto Carry Fund, allowing wealthy investors to gain exposure to Bitcoin and Ethereum's spot and futures market spreads through an Ethereum ERC-20 token. The fund, founded by former banker Robert Leshner, generates yield by buying and selling equal amounts of BTC/ETH and their futures, providing a delta-neutral position. This strategy has previously been employed by hedge funds.