USCF Investments, a wholly owned subsidiary of The Marygold Companies, Inc. (NYSE American: MGLD), has launched the USCF Oil Plus Bitcoin Strategy Fund (NYSE Arca: WTIB), marking its initial foray into cryptocurrency within its alternative investment product portfolio. The new exchange-traded fund (ETF) represents a significant development for USCF, integrating a Bitcoin strategy into its established range of investment offerings. Nicholas Gerber, Chief Executive Officer of The Marygold Companies, stated, “We congratulate the USCF team on the launch of this groundbreaking product. WTIB underscores our ongoing commitment to expanding The Marygold Companies’ footprint in the financial services industry. Through our subsidiaries, we offer exchange-traded products and funds in the U.
S., along with investment advisory services in the U.
K., and recently introduced a cutting-edge mobile fintech app in the U.
K.” This launch aligns with The Marygold Companies’ dedication to fostering innovation and delivering diversified solutions to meet evolving investor needs globally. The Marygold Companies, Inc., founded in 1996 and repositioned as a global holding firm in 2015, operates subsidiaries across financial services, food manufacturing, printing, and beauty products. These include USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout. The company maintains offices and manufacturing operations in the U.
S., New Zealand, and the U.
K. USCF operates in the exchange-traded product (ETP) and ETF sector, having launched the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the following two decades, USCF developed and issued fifteen additional ETPs and ETFs across commodity and equity asset classes. USCF Advisers, LLC, an affiliate, serves as the investment adviser to the Fund, with USCF and its affiliates managing approximately $3+ billion in assets from their headquarters in Walnut Creek, California. Investors should be aware that commodity trading is highly speculative and involves significant risk, as commodities and futures are generally volatile and may not be suitable for all investors, potentially leading to substantial investment losses. Funds focused on a single sector typically experience greater volatility. The Fund’s indirect investment in Bitcoin, through futures contracts and Bitcoin ETPs, exposes it to the distinct risks of this emerging asset. Bitcoin Futures and Bitcoin ETPs are relatively new, having commenced trading in 2017 and January 2024, respectively, which can result in less developed, potentially less liquid, and more volatile markets compared to established commodity futures and ETP markets. An investor should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing, and is advised to obtain a prospectus for comprehensive information by calling 1-800-920-0259 or visiting www.uscfinvestments.com. WTIB is a new fund with no prior operating history. It is important to note that diversification does not eliminate the risk of investment losses, and an investment in the fund involves risk, including the potential loss of principal.
