The GraniteShares Platinum Trust reported significant financial growth in its latest 10-K filing for the fiscal year ending June 30, 2025. The Trust's net asset value (NAV) surged to $85.2 million, a 97.6% increase from $43.1 million in the previous year. This growth was driven by an increase in outstanding shares, which rose from 4.4 million to 6.55 million, alongside a notable rise in platinum prices, which increased from $1,012 to $1,350 per ounce, marking a 33.4% increase. The Trust's net increase in net assets per share also saw a substantial rise, reaching $3.97 compared to $1.15 in the prior year.
Operationally, the Trust experienced a 48.9% increase in the number of shares created, with 3.15 million new shares issued, while 1 million shares were redeemed during the fiscal year. The total gain on platinum investments was reported at $20.3 million, a significant increase from $5 million in the previous year. The Sponsor's fee for the year was $242,983, which is 0.5% of the Trust's assets, reflecting the Trust's cost structure and operational efficiency.
The Trust's structure remains passive, with no active management of the platinum holdings. The assets are solely comprised of platinum bullion, and the Trust does not engage in trading or profit-seeking activities. The Trustee, The Bank of New York Mellon, oversees the administration of the Trust, while ICBC Standard Bank Plc serves as the custodian. The Trust's shares are traded on the NYSE Arca under the symbol "PLTM," providing investors with a liquid means to gain exposure to platinum without the complexities of direct investment in physical bullion.
Looking ahead, the Trust's management remains cautious about market volatility and the potential impact of external factors such as geopolitical events and economic conditions on platinum prices. The Trust's performance is closely tied to the fluctuations in the price of platinum, and any significant downturns could adversely affect the value of the shares. The management emphasizes the importance of monitoring market conditions and maintaining operational efficiency to navigate potential challenges in the future.
About GraniteShares Platinum Trust
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