Sprott Physical Copper Fund Makes NYSE Debut

On Monday, May 4, the Sprott Physical Copper Trust (SCOP) began trading on the NYSE Arca. Previously a non-redeemable investment fund, the trust has now been restructured into a mutual fund. 

Key Takeaways:

• The Sprott Physical Copper Trust is now available on the NYSE Arca as a mutual fund.
• Previously a non-redeemable investment fund, SCOP offers pure access to high-quality physical copper.
• Given that copper’s long-term outlook remains robust, allocating to a physical copper fund offers merits beyond mere diversification.

SCOP looks to give investors an opportunity to gain exposure to physical copper through a more liquid and transparent means. The fund has a net expense ratio of 1.30%. 

Sprott notes that SCOP is the world’s first physical copper fund. As such, investors should expect the fund to hold most, if not nearly all, of its assets in physical copper. 

The fund focuses its investments towards high-quality copper, such as CME Grade 1 and LME Grade A cathodes. Furthermore, physical copper is stored in CME — and LME — approved facilities in stable jurisdictions. 

Copper’s Critical Role & Long Term Value

Copper has already seen renewed investor interest as of late, due in part to its critical role in electrification and energy generation. As investors continue to seek out diversified asset exposure, copper’s favorable long-term factors could make it a good choice. 

“Beyond near-term uncertainty, long-term investor sentiment toward copper is strengthening,” said Jacob White, CFA, director, ETF product management, at Sprott Asset Management. “The outlook is increasingly defined by the convergence of tangible physical demand, a renewed emphasis on energy security and copper’s indispensable role in electrification — all against a backdrop of persistent supply constraints.”

Given that SCOP has been restructured and is not a new fund exactly, investors get to benefit from checking in on the fund’s previous track record. As of March 31, 2026, the Sprott Physical Copper Trust’s NAV has risen 24.20% over the past 12 months. 

SCOP is not the only strategy that Sprott offers for gaining access to the copper industry. For instance, Sprott also has the Sprott Copper Miners ETF (COPP). COPP currently has over $260 million in assets under management, as of May 2, 2026.