VanEck Steel ETF

Steelmakers and iron ore miners fill this portfolio. SLX tracks the NYSE Arca Steel Index, a global basket of companies that produce steel or mine the raw materials that go into it, so a handful of large names, iron ore giants and major steel producers, carry a lot of weight. It is a direct, cyclical play on heavy industry: the fund tends to climb when construction, autos, and manufacturing are strong and steel prices firm, and to slump when demand cools. VanEck has run it since 2006, and because the index reaches worldwide, holdings include producers in the US, Brazil, Europe, and Asia rather than a single country. Investors use it to bet on an industrial upturn, infrastructure spending, or a commodity cycle, with all the boom-and-bust volatility that comes with owning a concentrated slice of the materials sector.

On MyRWA, SLX trades tokenized across 1 on-chain venue - see the listings below.