Current ETPs with a Commodity Pool structure like USO don't create any unrelated business income according to
https://www.alerian.com/do-i-have-to-worry-about-ubti-if-i-own-an-mlp-etf-in-an-ira/
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Do I Have to Worry About UBTI If I Own an MLP ETF in an IRA?
The short answer is no. ... because...