Sprott Uranium Miners ETF

Tighter and more focused than the broader uranium funds, URNM concentrates on the miners themselves. It tracks the North Shore Global Uranium Mining Index, holding companies that produce or explore for uranium and, distinctively, a slug of entities that own physical uranium directly, so the fund carries both mining-equity and raw-commodity price sensitivity. That physical component makes it react more purely to the uranium spot price than a diversified nuclear basket would. Sprott, a manager known for precious-metals and commodity products, took the fund over in 2022 after its 2019 launch under a different sponsor. Investors reach for it when they want a concentrated, high-conviction position on rising uranium prices rather than a watered-down nuclear-utilities blend. The trade-off is sharper swings: a small, cyclical set of miners tends to overshoot the commodity in both directions, rewarding good timing and punishing bad.

On MyRWA, URNM trades tokenized across 14 on-chain venues - see the listings below.