Best ETFs of the week: Industrial metals and Uranium ETFs

Top performers: industrial metals, hydrogen and uranium ETFs are on our best ETFs list for the week. Below we dive into which ETFs made the list and explain why.

Energy crunch fuels industrial metals rally

Energy shortage amid rising oil, gas and coal prices have caused multiple shutdowns of metal producers in Europe and in China. Coupled with the on-going port congestions and increased post-covid demand, prices of Copper, Zinc, Aluminum, have risen on the London Metal Exchange.

The surge in key industrial metals prices has lifted related funds to our top weekly ETFs list including Ridgex GPF Physical Copper ETC, WisdomTree Zinc, VanEck Vectors Rare Earth and Strategic Metals UCITS ETF, WisdomTree Industrial Metals Enhanced ETC, WisdomTree Copper, Global X Copper Miners ETF and United States Copper Index Fund ETF, which gained more than 8% each.

Copper's gains were also supported by improved Chinese copper imports. In September, China imported of 406,016 tonnes of unwrought copper and copper, the first monthly increase after 5 straight monthly declines, as shipments previously held up by pandemic curbs made their way into the world’s largest copper consumer.

Sprott's buying spree and rising nuclear energy support boost Uranium ETFs

Sprott Physical Uranium Trust is back at it with more physical Uranium purchases, buying an additional 1.15 million pounds of physical Uranium last week. The trust has acquired 15.3 million pounds of the radioactive material since its inception on July 19th, 2021.  The buying spree coupled with news emerging from France and Japan about their intention to restart or build nuclear reactors, helped uranium stocks rebound.

ETFs in the Uranium and Nuclear space benefited from the recent updates, with North Shore Global Uranium Mining ETF, Horizons Global Uranium Index ETF, Global X Uranium ETF gaining +19.86%, +18.10% and +17.85% respectively.

Hydrogen ETFs lifted by Plug Power's pop and Macron's €30 billion plan

Hydrogen ETFs with large exposure to Plug Power were top performers last week. The fuel cell specialist announced it will be working closely with Phillips 66 and Airbus on various hydrogen projects, including hydrogen fueling, hydrogen-related infrastructure and mobility. Plug Power ended the week up by 15%, while other hydrogen shares rose on French President Macron €30 billion investment plan, which includes funding for green-hydrogen factories.

The flow of positive updates in the hydrogen space lifted VanEck Vectors Hydrogen Economy UCITS ETF, The Defiance Next Gen H2 ETF, Global X Hydrogen ETF and Horizons Global Hydrogen Index ETF by more than 9%.

Honorable Mentions: Bitcoin ETFs

Last week, Bitcoin, the world’s largest cryptocurrency by market cap ($1.17 trillion) got one step closer to breaking its all-time record of $64,863 set on April 14, 2021, after briefly crossing the $60,000 mark. The rally is linked to the approval of the first bitcoin futures ETF by the U.S. Securities and Exchange Commission (SEC), the ProShares Bitcoin Strategy ETF (BITO). BITO will begin trading on Tuesday October 19th on the New York Stock Exchange.  

ETFs tracking Bitcoin rose by more 12% last week.

Top 10 ETFs of the week

Europe

• Ridgex GPF Physical Copper ETC: +14.20%
• WisdomTree Zinc: +12.26%
• Invesco Solar Energy UCITS ETF: +9.95%
• VanEck Vectors Hydrogen Economy UCITS ETF: +9.87%
• VanEck Vectors Rare Earth and Strategic Metals UCITS ETF: +9.80%
• WisdomTree Industrial Metals Enhanced ETC: +9.24%
• WisdomTree Copper: +8.54%
• HANetf S&P Global Clean Energy Select HANzero UCITS ETF: +8.49%
• UBS (Irl) ETF plc – Solactive Global Pure Gold Miners UCITS ETF: +7.79%
• VanEck Vectors Junior Gold Miners UCITS ETF: +7.66%

Americas

• North Shore Global Uranium Mining ETF: +19.86%
• Horizons Global Uranium Index ETF: +18.10%
• Global X Uranium ETF: +17.85%
• Simplify Volt Cloud and Cybersecurity Disruption ETF: +16.98%
• The Defiance Next Gen H2 ETF: +12.54%
• Simplify Volt Fintech Disruption ETF: +12.46%
• Global X Hydrogen ETF: +11.85%
• Global X Copper Miners ETF: +11.74%
• Horizons Global Hydrogen Index ETF: +11.63%
• United States Copper Index Fund ETF: +10.67%

Top 10 Cryptocurrency ETFs of the week

• VanEck Vectors Polkadot ETN: +19.18%
• 21Shares Polkadot ETP: +18.99%
• Purpose Bitcoin ETF: +15.43%
• 3iQ CoinShares Bitcoin ETF: +12.49%
• Horizons Bitcoin ETF: +12.49%
• Ninepoint Bitcoin ETF: +12.40%
• CI Galaxy Bitcoin ETF: +12.31%
• BTCetc Bitcoin Exchange Traded Crypto ETC: +12.26%
• Accelerate Carbon-Negative Bitcoin ETF: +12.04%
• Evolve Cryptocurrencies ETF: +10.58%

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Interested in other top ETF lists? Check out our Investing Guides:

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• Silver ETFs
• Commodity ETFs
• Oil ETFs
• ESG ETFs

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