SEC Company Response from USCF ETF Trust (CIK 0001597389) — Jun 24, 2021
USCF ETF Trust (CIK 0001597389)
Date: June 24, 2021 · CIK: 0001597389 · Accession: 0001171200-21-000259
AI Filing Summary & Sentiment
Letter
Division of Investment Management U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Post-Effective Amendment No. 101 to the Registration Statement of USCF ETF Trust
Dear Ms. Stojic:
USCF ETF Trust (the “Trust”) filed Post-Effective Amendment No. 101 on February 5, 2021 pursuant to Rule 485(a) under the Securities Act of 1933 (the “Securities Act”) (“PEA 101”), which contained one prospectus and one statement of additional information relating to the USCF Energy Commodity Strategy Absolute Return Fund (the “Fund”). The Trust subsequently filed delaying amendments to delay the effectiveness of PEA 101 because the Fund was not ready to launch. The Trust filed its most recent delaying amendment on May 19, 2021, delaying effectiveness of PEA 101 until June 18, 2021.
Due to an administrative error, the Trust failed to file an additional delaying amendment by June 18, 2021, and PEA 101 inadvertently went effective. The Fund has not yet launched and the Trust does not intend to sell shares of the Fund using the prospectus in PEA 101. Prior to selling any shares of the Fund, the Trust will file an amended registration statement relating to the Fund pursuant to Rule 485 of the Securities Act.
Sincerely,
/s/Cynthia R. Beyea
Show Raw Text
CORRESP
1
filename1.htm
Eversheds
Sutherland (US) LLP
700 Sixth Street, NW, Suite
700
Washington, DC 20001-3980
D: +1 202.383.0472
F: +1 202.637.3593
cynthiabeyea@
eversheds-sutherland.com
June 24, 2021
Elena Stojic, Esq.
Division of Investment Management
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Post-Effective Amendment No. 101 to the Registration Statement of USCF
ETF Trust
Dear Ms. Stojic:
USCF ETF Trust (the “Trust”) filed Post-Effective Amendment
No. 101 on February 5, 2021 pursuant to Rule 485(a) under the Securities Act of 1933 (the “Securities Act”) (“PEA 101”),
which contained one prospectus and one statement of additional information relating to the USCF Energy Commodity Strategy Absolute Return
Fund (the “Fund”). The Trust subsequently filed delaying amendments to delay the effectiveness of PEA 101 because the Fund
was not ready to launch. The Trust filed its most recent delaying amendment on May 19, 2021, delaying effectiveness of PEA 101 until June
18, 2021.
Due to an administrative error, the Trust
failed to file an additional delaying amendment by June 18, 2021, and PEA 101 inadvertently went effective. The Fund has not yet launched
and the Trust does not intend to sell shares of the Fund using the prospectus in PEA 101. Prior to selling any shares of the Fund, the
Trust will file an amended registration statement relating to the Fund pursuant to Rule 485 of the Securities Act.
Sincerely,
/s/Cynthia R. Beyea
Cynthia R. Beyea
cc:
Daphne G. Frydman, USCF
Eversheds Sutherland (US) LLP is part of a global legal practice, operating through various separate and distinct legal entities, under Eversheds Sutherland. For a full description of the structure and a list of offices, please visit www.eversheds-sutherland.com.