Wed, Aug 14, 8:20 PM (153 days ago)
On August 8, 2024, abrdn Palladium ETF Trust terminated its custodial agreements with JPMorgan Chase Bank, effective immediately. The custody of the Trust's palladium assets has transitioned to ICBC Standard Bank Plc, which now manages both allocated and unallocated accounts for the Trust. This change does not incur any costs or expenses for the Trust or its shareholders. The move is part of a strategic decision to ensure the secure management of palladium holdings. The transition aims to enhance operational efficiencies and maintain the integrity of the Trust's assets. The abrdn Physical Palladium Shares ETF (PALL) is listed on NYSE Arca. This update is crucial for portfolio managers and finance professionals monitoring asset management strategies and custodial arrangements within the ETF sector.