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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Regulatory

Sprott Physical Copper gets OK for NYSE Arca listing

By The Northwire Desk — AI Analysis Jan 29, 2026 · 23:51 COP Sprott Physical Copper Trust
COP · Price

Executive Summary

  • The U.S. Securities and Exchange Commission (SEC) has approved the NYSE Arca's Rule 19b-4 application to list and trade Sprott Physical Copper Trust units on the NYSE Arca.
  • This approval establishes a path for a dual listing of the trust units on both the Toronto Stock Exchange and the NYSE Arca.
  • The final listing remains subject to the filing and effectiveness of a registration statement under the U.S. Securities Exchange Act of 1934.

Key Details

  • Regulatory Action: SEC approval of NYSE Arca Rule 19b-4 application for listing Sprott Physical Copper Trust units.
  • Listing Status: Dual listing on Toronto Stock Exchange and NYSE Arca is now possible, pending final registration statement effectiveness.
  • Redemption Feature Amendments:
    • Existing semi-annual redemption feature is expected to be amended to provide for monthly redemptions.
    • The current cap on the number of units that can be redeemed each period (currently capped at 1.5% of outstanding units) is expected to be removed.
  • Unitholder Approval: Implementation of the amended redemption feature requires unitholder approval at a meeting to be held in due course, per Canadian securities laws.
  • Strategic Rationale: CEO John Ciampaglia stated the U.S. listing provides easier access for U.S. investors to the only exchange-listed physical copper fund, addressing growing demand for copper in electricity generation, distribution, and storage.
  • Risk Disclosure: Sprott cannot provide assurance that the listing will be successfully achieved.

Notable Quotes

  • "We are very pleased to have received this approval, which moves us closer to listing the Sprott Physical Copper Trust on the NYSE Arca. A U.S. listing of the trust units will provide U.S. investors with easier access to invest in the only exchange-listed physical copper fund at a time when there is growing demand for copper, a critical material essential to meet growing demand for electricity generation, distribution and storage." — John Ciampaglia, CEO, Sprott Asset Management LP
Read the original news release →

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