Sprott Asset Management LP, a subsidiary of Sprott Inc., announced that the Sprott Physical Copper Trust has received approval from the U.S. Securities and Exchange Commission (SEC) to list its trust units on the NYSE Arca exchange. The trust, which primarily holds physical copper, is currently listed on the Toronto Stock Exchange (TSX).
The SEC approved the Rule 19b-4 application submitted by NYSE Arca, enabling the trust units to be traded on both the TSX and NYSE Arca. This dual listing will allow investors in the United States to access the trust’s units more easily.
**Why this matters**
The dual listing expands the accessibility of the Sprott Physical Copper Trust to a broader investor base, particularly in the U.S. market. It may enhance liquidity and provide more trading opportunities for investors interested in physical copper exposure.