Worst performing ETFs this week: Crypto & Uranium

Beijing builds a Great Wall around cryptocurrencies

Months after banning cryptocurrency mining activities in China, the Chinese Central Bank (PBCB) doubles down on the digital assets and bans all cryptocurrency transactions, citing “legal risks for individuals and organisations participating in virtual currency and trading activities”. The decision will also target expats, with the government saying they would be “investigated according to the law”.

Last Friday news spread fear among crypto traders around the world, sending the total cryptocurrency market cap to $1.8 trillion during the weekend, just few days after it was hovering above the $2.0 trillion mark.

Cryptocurrency exchange traded securities (ETFs, ETPs, ETNs, ETCs) flooded last week's worst 10 ETFs list in Americas and in Europe. Leading the losers in Americas were Evolve Ether ETF (-16.26%), Purpose Ether ETF (-15.23%) and CI Galaxy Ethereum ETF (-14.63%).

In Europe, the losers list included 21Shares Bitcoin Cash ETP (-18.81%), VanEck Vectors Ethereum ETN (-18.19%) and CoinShares Physical Ethereum (-16.89%).

Uranium ETFs implodes on cooling demand of physical Uranium

One of the best performing ETFs of the month, Horizons Global Uranium Index ETF (HURA) fell by -11.75% last week as Uranium prices drop from its 8-year highs at $50.8/lb, to $48/lb.

Sprott Physical Uranium Trust seems to have taken a breather from its aggressive uranium purchases. The trust last announced a purchase of 1.45 million pounds on Sept. 17, but the cool-down since then triggered the sell-off. HURA's peers also lost steam with North Shore Global Uranium Mining ETF (URNM) and Global X Uranium ETF (URA) shedding 8.5% and 6.5% respectively during the same period.

Bottom 10 ETFs of the week: Cryptocurrency and Uranium ETFs

Europe

• 21Shares Bitcoin Cash ETP (21XC): -18.81%
• VanEck Vectors Ethereum ETN (VETH): -18.19%
• CoinShares Physical Ethereum (CETH): -16.89%
• Ether Tracker Euro ETC: -16.78%
• 21Shares Ethereum ETP (AETH): -16.63%
• WisdomTree Ethereum ETP (WETH): -16.24%
• LTCetc - ETC Group Physical Litecoin (ELTC): -15.58%
• ETHetc - ETC Group Physical Ethereum (ZETH): -14.85%
• 21Shares Binance Coin ETP: -14.49%
• CoinShares Physical XRP: -13.55%

Americas

• Evolve Ether ETF (ETHR.U): -16.26%
• Purpose Ether ETF (ETHH.U): -15.23%
• CI Galaxy Ethereum ETF (ETHX.U): -14.63%
• 3iQ CoinShares Ether ETF (ETHQ): -14.61%
• CI Galaxy Ethereum ETF (ETHX.B): -14.48%
• Horizons Global Uranium Index ETF (HURA): -11.75%
• Purpose Bitcoin USD ETF (BTCC.U): -10.75%
• Bitcoin ETF (EBIT.U): -10.73%
• Horizons Bitcoin ETF (HBIT): -10.61%
• CI Galaxy Bitcoin ETF (BTCX.U): -10.53%

Keep reading:

• Best ETFs of the week: Energy and Leisure ETFs
• Profit from the chip shortage with Semiconductor ETFs
• Dividend tax hike in the UK: What you need to know?
• ETF markets in focus: August 2021

Find and compare over 7,000 ETFs with our free tools:

• ETF Screener
• ESG Investing
• Download the 2021 Trackinsight Global ETF Survey