URA is the largest and most liquid uranium ETF on the market. It not only holds physical uranium through Sprotts trust, but it also holds a ton of companies that are involved with uranium.
The bullish case here is no doubt nuclear power.
For a decade, uranium prices were too low to incentivize new mining. Now, demand is jumping while supply remains tight. When this happens, you get price spikes.
My issue over the long-term? Uranium is a thin market. Small changes in sentiment can lead to massive price swings. And by massive, I mean 50%+. There is a lot of bullish sentiment right now because of increased power demand from data centers etc. The theory here is we will not be able to get the power fast or efficient enough and the world will go back to nuclear.
I do believe this will happen. But how fast it happens is key.
My thoughts on a long-term hold, if you're going to do it, strap in for the ride. And be prepared for your money to go up 50% or down 50%. Either is possible.