SAN CLEMENTE, Calif.--(BUSINESS WIRE)--The Marygold Companies, Inc. (NYSE American: MGLD), a global holding firm specializing in financial services, today announced that its wholly owned subsidiary, USCF Investments (USCF), has launched the USCF Oil Plus Bitcoin Strategy Fund (NYSE Arca: WTIB).
This new exchange-traded fund (ETF) represents a significant milestone for USCF, marking its first venture into cryptocurrency within its extensive portfolio of alternative investment products. For further details, please refer to the official news release provided by USCF.
“We congratulate the USCF team on the launch of this groundbreaking product,” said Nicholas Gerber, Chief Executive Officer. “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.”
The Marygold Companies is dedicated to fostering innovation and delivering diversified solutions to meet the evolving needs of investors worldwide.
About The Marygold Companies, Inc.
The Marygold Companies, Inc. was founded in 1996 and repositioned as a global holding firm in 2015. The Company currently has operating subsidiaries in financial services, food manufacturing, printing, and beauty products, under the trade names USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout, respectively. Offices and manufacturing operations are in the U.S., New Zealand, and the U.K. For more information, visit www.themarygoldcompanies.com.
About USCF
USCF operates on the leading edge of exchange-traded product (ETP) and exchange-traded fund (ETF) innovation. The firm broke new ground with the launch of the first oil ETP, the United States Oil Fund, LP (USO), in 2006. Over the next two decades, USCF designed and issued fifteen more ETPs and ETFs across commodity and equity asset classes. USCF Advisers, LLC, an affiliate of USCF, serves as the investment adviser to the Fund. USCF and its affiliates currently manage approximately $3+ billion in assets from their headquarters in Walnut Creek, California.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may” “will,” “could,” “should” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements, which involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, should not be relied upon as predictions of future events. Readers should refer to the further detail of the risks disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Company’s other filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
Commodity Fund Disclosures
Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. Investing in commodity interests subject each Fund to the risks of its related industry. An investor may lose all or substantially all of an investment. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing.
Risks Associated with Bitcoin: The Fund’s indirect investment in bitcoin, through futures contracts and Bitcoin ETPs, exposes it to the unique and substantial risks of this emerging innovation. Bitcoin Futures and Bitcoin ETPs are relatively new and commenced trading in 2017 and in January 2024, respectively. As a result, the markets for Bitcoin Futures and Bitcoin ETPs may be less developed, and at times, potentially less liquid and more volatile, than more established commodity futures and ETP markets.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 1-800-920-0259 or download the file from www.uscfinvestments.com. WTIB is new and has no operating history. Diversification does not eliminate the risk of experiencing investment losses. An investment in the fund involves risk, including loss of principal.
Contacts
Media and investors, for more Information, contact:
Roger S. Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com
Contact the Company:
David Neibert, Chief Operations Officer
949-218-8542
dneibert@themarygoldcompanies.com