abrdn Palladium ETF Trust reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025. The Trust's net assets increased to $515.3 million, a 45.5% rise from $354.1 million at the end of the previous fiscal period. This growth was primarily driven by a 24.75% increase in the price of palladium, which rose from $909.00 to $1,134.00 per ounce during the same period. The Trust's net asset value (NAV) per share also saw a substantial increase, climbing 24.38% from $83.06 to $103.31.
The Trust's operational metrics reflected a notable increase in share issuance, with the number of shares outstanding rising from 4,262,500 at the end of 2024 to 4,987,500 by June 30, 2025. This increase was attributed to the creation of 1.7 million shares and the redemption of 975,000 shares over the six-month period. The Trust's investment in palladium also grew, with the fair value of palladium holdings increasing from $354.2 million to $515.5 million, reflecting a rise in both the quantity of palladium held and its market value.
In terms of expenses, the Trust reported a Sponsor's Fee of $1.1 million for the six months ended June 30, 2025, compared to $711,000 for the same period in 2024. The increase in expenses was consistent with the growth in net assets and the overall increase in operations. The Trust recorded a net investment loss of $1.1 million for the six months, which was offset by realized and unrealized gains on palladium investments totaling $92.4 million.
Looking ahead, the Trust's management expressed confidence in its ability to navigate market conditions, emphasizing that the demand for palladium remains strong due to its applications in various industries, including automotive and electronics. The Trust's strategy continues to focus on maintaining its position in the palladium market while managing expenses effectively. The management noted that they do not foresee any significant changes in liquidity needs, as the Sponsor has agreed to cover most operational expenses, allowing the Trust to focus on its core investment strategy.
About abrdn Palladium ETF Trust
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