Sprott Asset Management and HANetf have launched Europe’s first physically backed uranium ETC. The Sprott Physical Uranium ETC is listed on the London Stock Exchange providing European investors with direct uranium exposure.
The new ETC, which will be available on German trading venue Xetra in March, comes amid rising global demand for uranium, driven by the growing focus on nuclear energy as a clean, reliable power source, according to the providers. With AI data centres and global net-zero goals increasing pressure on energy supplies, the ETC provides investors with access to the spot price of uranium, addressing a significant supply-demand imbalance in the market.
HANetf has previously collaborated with Sprott on products like the Sprott Uranium Miners Ucits ETF, “Europe’s largest” uranium mining ETF, as well as the Sprott Junior Uranium Miners UCITS ETF and the Sprott Copper Miners ESG-Screened Ucits ETF.
John Ciampaglia, CEO of Sprott Asset Management, highlighted the long-term investment potential of uranium: “We believe uranium has very compelling long-term fundamentals. As global energy and technology megatrends such as the resurgence of nuclear power, proliferation of energy-hungry AI data centres, and pursuit of net-zero goals continue, investor interest in uranium has grown. We are pleased to expand our already successful partnership with HANetf by offering European investors access to the convenient, transparent strategies in physical commodities that Sprott Asset Management is known for.”
The launch of the ETC also marks a milestone for HANetf, as it is the “first listing on its new multi-asset ETC platform”. The platform is designed to provide investors with access to a wide range of asset classes and payout structures, enhancing the firm’s ability to deliver cost-effective and timely investment solutions.
Hector McNeil, co-founder and Co-CEO of HANetf, commented: “We are thrilled to partner once again with Sprott Asset Management to bring this unique ETC to market. SPUT is a testament to our shared commitment to innovation and providing investors with access to highly sought-after commodities. The launch also represents HANetf’s first listing on its new multi-asset ETC platform, designed to deliver solutions for investors seeking access to a wide range of asset classes.”
