10-Q: GraniteShares Platinum Trust Reports Increase in Net Asset Value for Quarter Ended March 31, 2025

GraniteShares Platinum Trust saw its net asset value increase by 9.56% during the quarter ended March 31, 2025, driven primarily by a rise in platinum prices.

Summary

• GraniteShares Platinum Trust is a New York-based investment trust focused on providing investors with exposure to platinum.
• The Trust's net asset value increased by 9.56% during the quarter ended March 31, 2025, reaching $50.29 million.
• This increase was primarily driven by an 8.64% rise in the price of platinum, from $914.00 to $993.00 per ounce.
• The number of shares outstanding also increased slightly, from 5,200,000 to 5,250,000, due to creation and redemption orders.
• The net asset value per share increased by 8.49% to $9.58.
• For the nine months ended March 31, 2025, the Trust's net asset value increased by 16.63% from $43.12 million to $50.29 million.
• However, the price of platinum decreased by 1.88% during this nine-month period, from $1,012.00 to $993.00 per ounce.
• The number of shares outstanding increased by 19.32% during the nine-month period.
• The Trust's only recurring expense is the sponsor fee, which is 0.50% of the adjusted daily net asset value.
• The Trust had 5,750,000 shares outstanding as of May 08, 2025.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the increase in net asset value, but tempered by the dependence on platinum prices and the presence of sponsor fees.

Positives

• The Trust experienced a significant increase in net asset value during the quarter ended March 31, 2025.
• The increase in net asset value was primarily driven by a rise in the price of platinum.
• The number of shares outstanding increased, indicating investor interest.
• The Trust's disclosure controls and procedures were effective as of the end of the period covered by the report.

Negatives

• The price of platinum decreased during the nine months ended March 31, 2025.
• The Trust incurs a sponsor fee of 0.50% of the adjusted daily net asset value, which impacts the net asset value per share.

Risks

• The Trust's performance is heavily dependent on the price of platinum, which is subject to various market factors.
• Global platinum supply and demand, investor expectations, currency exchange rates, and global events can all affect the price of platinum.
• There is no assurance that platinum will maintain its long-term value.
• The Trust is subject to indemnification obligations, which could result in future claims.

Future Outlook

The discussion and analysis in the report may contain forward-looking statements, but the Sponsor does not assume responsibility for their accuracy or completeness and is not under a duty to update them.

Industry Context

This announcement reflects the performance of a platinum-backed investment product, which is directly tied to the price of platinum and market sentiment towards precious metals.

Related Party Transactions

• A fee is paid to the Sponsor as compensation for services performed under the Trust Agreement.
• Affiliates of the Trustee may from time to time act as Authorized Participants or purchase or sell platinum or Shares for their own account.

Stakeholder Impact

• Shareholders are directly impacted by the price of platinum and the Trust's expenses.
• Authorized Participants are involved in the creation and redemption of shares.
• The Sponsor and Trustee have responsibilities related to the management and administration of the Trust.

Key Dates

Keywords

platinum, GraniteShares, trust, net asset value, shares, investment, LBMA Platinum Price, financial statements