GraniteShares Platinum Trust Reports 9.56% Increase in NAV for Quarter Ending March 31, 2025

GraniteShares Platinum Trust reported a significant increase in its financial performance for the quarter ending March 31, 2025, with a net asset value (NAV) of $50.3 million, up from $45.9 million at the end of the previous quarter, marking a 9.56% increase. The increase in NAV was primarily driven by a rise in the price of platinum, which increased from $914.00 to $993.00 per ounce during the same period, reflecting an 8.64% gain. The Trust's net asset value per share also rose to $9.58, an increase of 8.49% from $8.83 at the end of the previous quarter.

Comparatively, the Trust's performance over the nine months ending March 31, 2025, showed a 16.63% increase in NAV from $43.1 million on June 30, 2024. The number of shares outstanding rose from 4.4 million to 5.25 million, a 19.32% increase, attributed to 24 creation orders and 7 redemption orders. However, the price of platinum saw a slight decline of 1.88% during this period, which contributed to a decrease in the NAV per share from $9.80 to $9.58.

Operationally, the Trust's expenses remained minimal, with the only recurring cost being the Sponsor's fee, which totaled $61,502 for the quarter and $168,946 for the nine-month period. The Trust reported no other expenses during these periods. The net increase in net assets resulting from operations for the quarter was $4 million, driven by an unrealized gain on platinum investments, while the nine-month period saw a net decrease of $582,955 due to unrealized losses and expenses related to redemptions.

The Trust continues to focus on its investment strategy centered on platinum, with all assets held in the form of platinum bullion. As of March 31, 2025, the Trust held approximately 50,668 ounces of platinum, valued at $50.3 million. The Trust's management has indicated that it does not foresee any significant changes in liquidity needs or operational strategies in the near term, maintaining its objective to reflect the performance of platinum prices while minimizing expenses.

Looking ahead, the Trust's performance will be closely tied to fluctuations in platinum prices and market conditions. The Sponsor has committed to managing the Trust's expenses effectively, and while the Trust has not indicated any plans for new product launches or acquisitions, it remains focused on its core investment strategy. The Trust's structure as a grantor trust allows for a straightforward investment approach, appealing to investors seeking exposure to platinum without the complexities of traditional investment vehicles.