abrdn Gold ETF Trust Reports 27.97% Increase in Net Assets to $4.81 Billion

abrdn Gold ETF Trust reported significant financial growth in its latest 10-Q filing for the quarter ending March 31, 2025. The Trust's net assets increased to $4.81 billion, up 27.97% from $3.76 billion at the end of the previous fiscal period. This growth was primarily driven by a 19.31% rise in the price of gold, which increased from $2,610.85 per ounce to $3,115.10 per ounce during the quarter. The number of shares outstanding also rose from 150.7 million to 161.7 million, reflecting the creation of 13.8 million shares and the redemption of 2.8 million shares.

In terms of operational performance, the Trust reported a net investment loss of $1.78 million for the quarter, compared to a loss of $1.18 million in the same period last year. However, the total gain on investments in gold reached $739.57 million, a substantial increase from $177.86 million in the prior year. The net increase in net assets from operations was $737.79 million, significantly higher than the $176.68 million reported for the same quarter in 2024. The net asset value (NAV) per share rose to $29.73, up 19.30% from $24.92 at the end of December 2024.

The Trust's investment in gold also saw a notable increase, with the fair value of gold holdings rising to $4.81 billion from $3.76 billion. The total ounces of gold held increased from 1.44 million ounces to 1.54 million ounces. The Trust's expenses primarily consisted of the Sponsor's Fee, which amounted to $1.78 million for the quarter, consistent with the previous year's fee of $1.18 million. The expense ratio remained stable at 0.17%.

Strategically, the Trust continues to focus on its core objective of reflecting the performance of gold bullion prices while minimizing expenses. The management has indicated that there are no significant changes in market conditions or operational strategies that would impact liquidity or capital resources. The Trust does not foresee any material changes in its liquidity needs, as it primarily relies on gold transfers and sales to meet expenses. Looking ahead, the Trust remains committed to its investment strategy, with expectations of continued alignment with gold market performance, although it acknowledges the inherent risks associated with fluctuations in gold prices.