abrdn Precious Metals Basket ETF Trust Reports 38% Growth in Net Assets for Quarter Ending June 30, 2025

The abrdn Precious Metals Basket 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 $1.435 billion, up 38.01% from $1.040 billion at the end of the previous fiscal period. This growth was driven by a rise in the prices of gold, silver, platinum, and palladium, which collectively increased by 26.14% during the same period. The net asset value (NAV) per share also saw a substantial increase, rising from $109.47 to $137.67, reflecting a 25.76% gain.

In terms of operational metrics, the Trust's total investment in bullion reached $1.436 billion, a notable increase from $1.040 billion at the end of 2024. The Trust's holdings included 286,428 ounces of gold valued at $941.6 million, 57,285 ounces of palladium valued at $65 million, 38,190 ounces of platinum valued at $51.6 million, and 10,502,360 ounces of silver valued at $377.8 million. The number of shares outstanding rose from 9.5 million to 10.425 million, indicating increased investor interest and participation.

The Trust's expenses for the quarter totaled $2.034 million, primarily attributed to the Sponsor's fee, which is set at an annualized rate of 0.60% of the adjusted net asset value. This fee increased from $1.499 million in the same quarter of the previous year, reflecting the growth in net assets. The Trust reported a net investment loss of $2.034 million for the quarter, but this was offset by realized gains on bullion transfers and an increase in unrealized gains, resulting in a total gain on investment in bullion of $90.2 million.

Strategically, the Trust has continued to focus on its core investment objective of reflecting the performance of physical precious metals. The Trust's structure allows for the creation and redemption of shares in large blocks, known as Baskets, which facilitates liquidity and market participation. During the quarter, 475,000 shares were created while 325,000 shares were redeemed, indicating active trading and engagement from authorized participants.

Looking ahead, the Trust's management remains optimistic about the continued demand for precious metals, driven by various market conditions including inflationary pressures and geopolitical uncertainties. The Trust's strategy will continue to focus on maintaining its bullion holdings and managing expenses effectively to maximize shareholder value. The management has not identified any significant trends or uncertainties that could materially impact liquidity needs, suggesting a stable outlook for the Trust's operations in the near term.