WALNUT CREEK, Calif., October 9, 2026 – USCF, an asset management firm specializing in exchange-traded products (ETPs) and exchange-traded funds (ETFs), announced today its plans to close and liquidate five of its products. This decision follows a vote by the Board of Trustees of USCF ETF Trust, which approved the dissolution of these funds.
The affected funds include the USCF Sustainable Battery Metals Strategy Fund (ZSB), the USCF Oil Plus Bitcoin Strategy Fund (WTIB), the USCF Energy Commodity Strategy Absolute Return Fund (USE), the USCF Gold Plus Income Strategy Fund (USG), and a fund identified by its ticker, UDI.
The liquidation process will unfold over several weeks, beginning with the USCF Sustainable Battery Metals Strategy Fund (ZSB). After the close of business on October 19, 2026, ZSB will no longer accept creation orders. Trading in ZSB shares on NYSE Arca will be halted before the market opens on October 20, 2026. From October 20 onward, there will be no secondary market for ZSB shares. The fund will begin liquidating its portfolio prior to its official liquidation date, during which time it may not be managed according to its original investment objective. ZSB is scheduled to cease operations, liquidate assets, and distribute proceeds to shareholders of record on or about October 27, 2026.
Following ZSB, the USCF Oil Plus Bitcoin Strategy Fund (WTIB) and the USCF Energy Commodity Strategy Absolute Return Fund (USE) are slated for liquidation. These two funds will stop accepting creation orders after the close of business on November 5, 2026. Trading for both WTIB and USE will be halted on NYSE Arca before market open on November 6, 2026, marking the end of their secondary market trading. Similar to ZSB, these funds will begin liquidating their portfolios before their common liquidation date and may deviate from their investment objectives during this period. WTIB and USE are scheduled to cease operations and distribute proceeds to shareholders of record on or about November 13, 2026.
The USCF Gold Plus Income Strategy Fund (USG) will follow a similar timeline. After the close of business on November 12, 2026, USG will no longer accept creation orders. Trading for USG will be halted prior to market open on November 13, 2026, and a secondary market for its shares will cease to exist from that date. The fund will liquidate its portfolio before its designated liquidation date, potentially affecting its adherence to investment objectives. USG is set to cease operations and distribute proceeds to shareholders of record on or about November 20, 2026.
Finally, the fund known by its ticker UDI will commence its liquidation process in early December. Creation orders for UDI will no longer be accepted after the close of business on December 3, 2026. Trading in UDI will be halted prior to market open on December 4, 2026, with no secondary market for its shares thereafter. Before its liquidation date, UDI will begin winding down its portfolio, which may lead to management not being in strict accordance with its investment objective. UDI is scheduled to cease operations, liquidate its assets, and distribute proceeds to shareholders of record on or about December 11, 2026.
For all five funds, any shareholders remaining on the respective liquidation dates will have their shares redeemed at net asset value. USCF, an organization recognized for its "leading-edge of product innovation," launched the United States Oil Fund, LP (USO), the first oil ETP, in 2006. Over the subsequent decade, the firm introduced eleven additional specialty products across commodity and private equity asset classes. The funds mentioned are distributed by ALPS Distributors, Inc., where Katie Rooney is a registered representative.