Sprott Asset Management launches the first Physical Uranium ETC in Europe
28 FEB, 2025
By Jose Luis Palmer from RankiaPro Europe
HANetf and Sprott Asset Management have announced the launch of the Sprott Physical Uranium ETC (SPUT), the first physical uranium ETC in Europe. This new product will allow European investors to gain direct exposure to the commodity, in a context of increasing demand for nuclear energy.
Direct access to uranium investment
The new ETC, listed on the London Stock Exchange and set to list on Xetra in March, will enable investors to gain exposure to the spot price of uranium. Its launch comes at a crucial time, with strong demand driven by the resurgence of nuclear energy as a clean and reliable power source. Additionally, the growing need for electricity for artificial intelligence data centers is creating a significant supply-demand imbalance for 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.
John Ciampaglia, CEO of Sprott Asset Management
Expanding the HANetf and Sprott partnership
The launch of SPUT strengthens the relationship between HANetf and Sprott Asset Management, which previously collaborated on the creation of Sprott Uranium Miners UCITS ETF (URNM), Europe’s largest uranium mining ETF, and Sprott Junior Uranium Miners UCITS ETF (URNJ), focused on smaller-cap companies in the sector.
Moreover, this ETC marks the first launch on HANetf’s new multi-asset ETC platform, designed to expand the firm’s product range and enable access to a variety of asset classes and payout structures.
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.
HANetf not only allows its clients to issue European ETPs in a cost and time efficient manner, it also helps take their added value IP and content to European investors to support their investment decisions in these unique and exciting investment themes. Being part of the success of the original Gold ETC to bringing the first Uranium ETC is equally exciting and groundbreaking.
Hector McNeil, Co-Founder and Co-CEO of HANetf
