The Sprout physical uranium trust has grown from a NAV of 600 million with 18 million pounds of uranium in July 2021 to 6.7 billion, making it Sprout's single largest fund, with the fund having gained 89% in the prior year and up another 15% in early 2024, while only 4 million pounds of uranium were purchased in the spot market despite the 82% price appreciation, indicating the trade is not crowded by generalist money