The abrdn Precious Metals Basket ETF Trust reported significant financial growth in its latest quarterly filing for the period ending March 31, 2025. The Trust's net assets increased to $1.33 billion, up 27.54% from $1.04 billion at the end of the previous fiscal period. This growth was primarily driven by a rise in the fair value of its bullion investments, which totaled $1.33 billion, compared to $1.04 billion at the end of December 2024. The net asset value (NAV) per share also saw a substantial increase, rising 17.91% to $129.08 from $109.47.
In terms of operational metrics, the Trust's share count rose from 9.5 million to 10.275 million during the quarter, reflecting the creation of 775,000 new shares. This increase in shares was a strategic move to accommodate growing investor interest, as evidenced by the Trust's total investment in bullion, which included gold, silver, platinum, and palladium. The Trust's gold holdings alone increased in fair value from $683.5 million to $880.7 million, while silver holdings rose from $277.5 million to $353 million.
The Trust's financial performance was bolstered by realized gains on bullion transfers, which amounted to $474,133, alongside a significant increase in unrealized gains of $193.3 million. The total gain on investment in bullion for the quarter reached $193.8 million, compared to $32.9 million in the same period last year. However, the Trust also reported a net investment loss of $1.76 million, primarily due to the Sponsor's fee, which remained consistent at 0.60% of the adjusted net asset value.
Looking ahead, the Trust's management expressed optimism regarding the continued demand for precious metals, which could further enhance the Trust's performance. The increase in bullion prices and the strategic decision to expand share offerings are expected to position the Trust favorably in the market. The Trust remains focused on its objective to reflect the performance of physical precious metals while minimizing expenses, thereby providing a cost-effective investment vehicle for its shareholders.
About abrdn Precious Metals Basket ETF Trust
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