abrdn Platinum ETF Trust reported a net asset value (NAV) of $1,064.6 million as of March 31, 2025, reflecting a 4.48% increase from $1,018.9 million at the end of the previous fiscal period. This growth was primarily driven by an 8.76% rise in the price of platinum, which increased from $913.00 to $993.00 per ounce during the quarter. The Trust's NAV per share also rose, reaching $90.60, up from $83.52 at the end of December 2024, marking an 8.48% increase. The number of shares outstanding decreased from 12.2 million to 11.75 million, influenced by the creation of 250,000 shares and the redemption of 700,000 shares.
In terms of operational performance, the Trust experienced a net investment loss of $1.56 million for the quarter, compared to a loss of $1.38 million in the same period last year. The total expenses for the quarter were $1.56 million, with the Sponsor's fee accounting for the majority of these costs at $1.56 million, consistent with the previous year. The Trust reported a total gain on investment in platinum of $86.4 million, a significant recovery from a loss of $91.9 million in the prior year, resulting in a net increase in net assets from operations of $84.8 million.
The Trust's investment in platinum decreased in ounces from 1,115,390 ounces at the end of December 2024 to 1,072,657 ounces by March 31, 2025. This change was attributed to the redemption of shares and the transfer of platinum to cover expenses. The Trust's operational metrics indicate a stable engagement with Authorized Participants, as evidenced by the creation and redemption activity during the quarter.
Looking ahead, the Trust's management remains optimistic about the potential for continued growth in the platinum market, contingent on global supply and demand dynamics. The Trust's strategy focuses on maintaining its position as a cost-effective investment vehicle for platinum, with expectations of further engagement from investors. The Trust does not foresee any significant changes to its liquidity needs or operational structure in the near term, as it continues to operate under its established investment strategy.
About abrdn Platinum ETF Trust
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