VanEck Uranium and Nuclear (NLRX) price

NLRX tracks VanEck Uranium and Nuclear, a fund holding mining companies or industrial metals such as copper, uranium, nickel, or rare earths. Where the fund holds company shares, its price moves with the metal and with company and stock-market risk.

Mining shares often move further than the metal they produce, in both directions.

VanEck Uranium and Nuclear xStock

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NLRX contract address

XsTSfxoQry8okZoGMN5t6mExibDq3gA2NDLJeLztX7E

Ticker

NLRX

Issuer

xStocks

Status

Verified

NLRX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. NLRX tracks the price of VanEck Uranium and Nuclear, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping NLRX, and it does not issue, back, or custody the token.

The price of NLRX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

Distribution terms for NLRX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.

NLRX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of NLRX comes from on-chain trading alone and can drift from the fund's last close.

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