Fri, Feb 28, 10:04 PM (51 days ago)
**Summary of abrdn Platinum ETF Trust (PPLT) Annual Report for 2024** For the fiscal year ended December 31, 2024, abrdn Platinum ETF Trust reported a net asset value (NAV) of $1,018,948,000, a 2.16% increase from $997,446,000 in 2023. The Trust's outstanding shares rose from 10,850,000 to 12,200,000, with a NAV per share of $83.52, down from $91.93. The decline in NAV was attributed to an 8.7% drop in platinum prices, from $1,000 to $913 per ounce. The Trust's expenses, primarily the Sponsor’s Fee of $5,968,000 (0.60% of ANAV), remained stable. In 2024, the Trust experienced a total loss on platinum investments of $88,716,000, driven by unrealized losses. The operational strategy focuses on reflecting platinum prices, with no active management for profit. The Trust's structure as a passive vehicle limits liability exposure and regulatory requirements under the Investment Company Act of 1940. Key risks include price volatility in platinum, geopolitical events, and operational challenges. The Trust's platinum is held by ICBC Standard Bank, with a focus on maintaining transparency and minimizing credit risk. Future outlook remains cautious due to market fluctuations and potential economic disruptions.