abrdn Platinum ETF Trust reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025. The Trust's total assets increased to $1.618 billion, up from $1.019 billion at the end of 2024, marking a 58.73% rise. This growth was primarily driven by a substantial increase in the value of its platinum holdings, which rose from $1.074 billion to $1.181 billion, reflecting a fair value of $1.618 billion as of June 30, 2025. The net asset value (NAV) per share also saw a notable increase, climbing to $122.99 from $83.52, representing a 47.26% increase over the six-month period.
The Trust experienced a significant uptick in its share count, with outstanding shares rising from 12.2 million at the end of 2024 to 13.15 million by June 30, 2025. This increase was attributed to the creation of 1.95 million shares during the first half of 2025, despite 1 million shares being redeemed. The increase in share count and NAV was largely influenced by a 47.86% rise in the price of platinum, which reached $1,350 per ounce by the end of the quarter.
Operationally, the Trust reported a net increase in net assets from operations of $487.2 million for the six months ended June 30, 2025, compared to just $14.1 million for the same period in 2024. This increase was driven by a change in unrealized gains on investments in platinum, which amounted to $491.7 million, alongside a realized gain of $2,673 from the transfer of platinum to pay expenses. The Trust's expenses primarily consisted of a Sponsor's Fee, which totaled $3.39 million for the six-month period, reflecting a consistent expense ratio of 0.60%.
Looking ahead, the Trust's management expressed confidence in its operational strategy, emphasizing the potential for continued growth in the platinum market. The Trust remains focused on its investment objective of reflecting the performance of physical platinum prices, less expenses. The management noted that while the Trust does not foresee any immediate liquidity concerns, it will continue to monitor market conditions and adjust its strategies accordingly. The Trust's performance is closely tied to fluctuations in platinum prices, and management remains vigilant regarding external factors that could impact market conditions.
About abrdn Platinum ETF Trust
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