Uranium ETFs Soar as EU Acknowledges Its Nuclear Energy ‘Mistake’

FomoAnxiety · 2026-03-10T21:04:02+00:00

Uranium ETFs surged after EU leaders, including Ursula von der Leyen, recognized the strategic error of moving away from nuclear energy. A new $230 million fund will support nuclear research, emphasizing its importance in energy sovereignty and decarbonization.

FomoAnxiety

2026-03-10 21:04:02

Abstract generation in progress

Uranium exchange-traded funds (ETFs) soared on Tuesday after the European Union (EU) acknowledged its mistake in moving away from nuclear energy. European Commission President Ursula von der Leyen said, “This reduction ‌in the share of nuclear was a choice, I believe that it was a strategic mistake for Europe to turn its back on a reliable, affordable source of low-emissions power.”

Claim 70% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Von der Leyen highlighted the danger of relying on fossil fuels when nuclear energy was an option. She also said that the war in Iran has made the mistake of this reliance clear, as the price of oil has surged following the start of the war in the Middle East.

After von der Leyen acknowledged the EU’s nuclear energy mistake, she went on to announce a new program for nuclear plant development. This program includes a $230 million fund that will be used to advance nuclear energy research. French President Emmanuel Macron echoed Von der Leyen’s comments when he claims that “Nuclear power is key to reconciling both independence — and thus energy sovereignty — with decarbonization, and thus carbon neutrality.”

Uranium ETFs Rally Today

With today’s news came increased interest in uranium ETFs. Let’s check out how that has affected them below.

Global X Uranium ETF URA +4.41% ▲ was up 4.44% on Tuesday.
NorthShore Global Uranium Mining ETF URNM +5.07% ▲ gained 4.95% as of this writing.
Sprott Junior Uranium Miners ETF URNJ +5.57% ▲ climbed 5.86% this afternoon.
VanEck Uranium + Nuclear Energy ETF NLR +3.72% ▲ jumped 3.98% today.

Which Uranium ETF Is the Best Bet?

Turning to the TipRanks ETF comparison tool, traders can get an idea of which is the best uranium ETF for traders. A standout ETF from this group is Global X Uranium ETF, with an AUM of $7.11 billion, an expense ratio of 0.69%, and a dividend yield of 4.08%. URA has also rallied 120.99% over the past 12 months.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.