USCF Oil Plus Bitcoin Strategy Fund Stock Price, News & Analysis

USCF Oil Plus Bitcoin Strategy Fund (NYSE Arca: WTIB) is an exchange-traded fund (ETF) launched by USCF Investments, a wholly owned subsidiary of The Marygold Companies, Inc. According to the sponsor, WTIB represents USCF’s first venture into cryptocurrency within its portfolio of alternative investment products. The fund is described as an oil plus bitcoin strategy fund, indicating exposure to commodity-related investments and bitcoin-related instruments as outlined in its prospectus.

WTIB is advised by USCF Advisers, LLC, an affiliate of USCF. USCF is associated with the development of exchange-traded products and funds and is noted in the source material for having launched the United States Oil Fund, LP (USO), identified as the first oil exchange-traded product in 2006. Over the following years, USCF designed and issued additional exchange-traded products and ETFs across commodity and equity asset classes. The USCF organization and its affiliates are described as managing assets measured in the billions of dollars from their headquarters in Walnut Creek, California.

The Marygold Companies, Inc., the parent of USCF Investments, is characterized as a global holding firm specializing in financial services. It was founded in 1996 and repositioned as a global holding firm in 2015. The company reports operating subsidiaries in financial services, food manufacturing, printing, and beauty products, under trade names that include USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout. These subsidiaries are stated to have offices and manufacturing operations in the United States, New Zealand, and the United Kingdom.

The description of WTIB emphasizes that it is new and has no operating history. The fund’s materials highlight that an investment in the fund involves risk, including the potential loss of principal. The sponsor notes that diversification does not eliminate the risk of investment losses. As with other commodity-related and alternative investment products, the fund is associated with risk factors that are discussed in more detail in its prospectus.

Investment focus and risk considerations

The available information indicates that WTIB’s strategy involves exposure to commodity interests and bitcoin-related instruments. The commodity fund disclosures explain that commodity trading is highly speculative and involves a high degree of risk. Commodities and futures are described as generally volatile and not suitable for all investors, and investing in commodity interests subjects a fund to the risks of its related industry. The disclosures state that an investor may lose all or substantially all of an investment, and that these risks can result in large fluctuations in the price of a fund’s shares. Funds that focus on a single sector are described as generally experiencing greater volatility.

The risk language specific to bitcoin notes that the fund’s indirect investment in bitcoin, through futures contracts and Bitcoin exchange-traded products (ETPs), exposes it to what are described as unique and substantial risks associated with this emerging innovation. The disclosures state that bitcoin futures and Bitcoin ETPs are relatively new, with trading in bitcoin futures and Bitcoin ETPs having commenced in the years referenced in the source material. As a result, the markets for these instruments are described as potentially less developed, and at times less liquid and more volatile, than more established commodity futures and ETP markets.

Relationship to USCF and The Marygold Companies

WTIB is part of the broader group of exchange-traded products and funds associated with USCF Investments. The source material describes USCF as operating on the leading edge of exchange-traded product and ETF innovation and references its role in launching and designing multiple products across commodity and equity asset classes. USCF Advisers, LLC is identified as the investment adviser to WTIB, indicating that it is responsible for providing advisory services to the fund as described in its regulatory and offering documents.

The Marygold Companies, Inc. positions WTIB as a milestone in expanding its footprint in the financial services industry. Through its subsidiaries, The Marygold Companies reports offering exchange-traded products and funds in the United States, investment advisory services in the United Kingdom, and a mobile financial technology application in the United Kingdom. The introduction of WTIB is presented in the source material as part of a broader effort to provide diversified solutions for investors through different types of operating businesses and financial products.

Investor information and disclosures

The disclosures associated with WTIB emphasize that potential investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. The fund’s prospectus is identified as the primary document containing detailed information on these topics. The risk statements highlight that WTIB is new, that it has no operating history, and that an investment in the fund involves risk, including the possible loss of principal. The materials also reiterate that diversification does not remove the possibility of experiencing investment losses.

Because WTIB is an ETF focused on oil plus bitcoin-related strategies, its risk profile, trading characteristics, and portfolio details are addressed in its offering documents rather than in the high-level description. The available information underscores that commodity and bitcoin-related investments can be volatile and may not be appropriate for all investors, and that sector-focused funds can experience greater swings in value than more broadly diversified products.

Position within the ETF and alternative investment landscape

Within the context provided, WTIB is described as part of USCF’s portfolio of alternative investment products. The launch of WTIB is presented as an extension of USCF’s history in commodity-related exchange-traded products, beginning with the United States Oil Fund, LP. The addition of a fund that includes bitcoin-related exposure is characterized as USCF’s first move into cryptocurrency strategies, reflecting a broadening of the types of exchange-traded products offered under the USCF and Marygold umbrellas.

For investors and researchers, WTIB can be viewed, based on the source information, as an ETF that combines elements of commodity investing and bitcoin-related exposure under the guidance of USCF Advisers, LLC. Detailed information on its portfolio construction, index or strategy rules, and specific holdings would be found in the fund’s prospectus and related regulatory documents referenced in the disclosures.