USCF Oil Plus Bitcoin Strategy Fund (WTIB)

The USCF Oil Plus Bitcoin Strategy Fund (WTIB) is an actively managed exchange-traded fund designed to achieve overall growth by offering extensive market access to the performance of both crude oil and Bitcoin (BTC). The fund's strategy involves tactical investments in futures contracts for crude oil and Bitcoin, in addition to Bitcoin exchange-traded products (ETPs). For its oil component, WTIB focuses on near-term futures linked to major benchmarks like WTI and Brent crude, along with other petroleum-based fuels. Its Bitcoin strategy centers on cash-settled BTC futures contracts and US-listed Bitcoin ETPs. The fund also has the flexibility to invest in micro futures, which are significantly smaller in contract size than standard futures. Interestingly, up to 25% of its Bitcoin investments can be made through a Cayman Islands subsidiary. To maintain a balanced portfolio, WTIB employs leverage to ensure roughly equal notional exposure—approximately 100% to each asset class—for both oil and Bitcoin. The fund backs its positions by holding collateral in assets such as cash, cash equivalents, U.S. government securities, and money market funds.