United States Commodity Funds, LLC

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United States Commodity Funds, LLC
Founded 1995
Headquarters Oakland, California
Key People John Love, CEO


United States Commodity Funds LLC is a manager of exchange traded securities that are designed to track the movements in the prices of different commodity futures. The firm is registered with the CFTC as a commodity pool operator and has approximately $7.4 billion in assets under management as of December 31, 2009. [1]

History[edit]

USCF was founded in 2995 by Nicholas Gerber.[2]

In November 2010 - United States Commodity Funds, LLC filed with the SEC for a United States Agriculture Index Fund.[3]

Products and Services[edit]

Crypto ETF[edit]

In May 2019, Crescent Crypto Asset Management filed a prospectus for a crypto-based ETF with the SEC. This was done through Crescent Crypto Index Services LLC, a subsidiary of Crescent Crypto.

The fund would be sponsored by United States Commodity Funds, LLC. Because of this, the fund was dubbed the USCF Crescent Crypto Index Fund (XBET). According to the prospectus, if approved by the SEC, XBET will be tradeable by accredited investors who place trade order through their preferred brokers. This may incur fees such as brokerage commissions and similar trading fees. XBET will trade during the normal hours and at bid and ask prices "like other publicly traded securities."[4]

Key People[edit]

References[edit]