abrdn Platinum ETF Trust reported a sharp decline in net asset value for the quarter ended March 31, 2026, driven by lower platinum prices and net redemptions. Net assets fell from $2,862.97 million to $2,396.71 million, while ounces of platinum held declined from 1,413,099.0 to 1,256,826.9.
The LBMA platinum price dropped 5.87% from $2,027.00 to $1,908.00, contributing to a change in unrealized loss of $403.02 million. NAV per Share fell 6.01% from $184.11 to $173.05, and total return based on NAV was -6.01%. The only ordinary expense was the Sponsor’s Fee of $4.36 million, equal to an annualized 0.60% of ANAV.
Creations totaled 1,150,000 Shares and redemptions 2,850,000 Shares, reducing outstanding Shares to 13,850,000. After quarter-end, the Sponsor announced a 10-for-1 forward share split effective May 18, 2026, which will multiply Shares outstanding tenfold while pricing each post-split Share at one-tenth of the pre-split NAV.
ABRDN ETF TRUST announced forward share splits for two precious metals ETFs. The abrdn Physical Platinum Shares ETF (PPLT) will undergo a 10‑for‑1 forward share split, and the abrdn Physical Palladium Shares ETF (PALL) will undergo a 5‑for‑1 split.
The splits apply to shareholders of record as of the market close on May 14, 2026, are payable after market close on May 15, 2026, and the funds will trade at post‑split prices on May 18, 2026. Each split lowers the price per share and proportionally increases the number of shares held, leaving the total value of a shareholder’s investment unchanged.
abrdn Platinum ETF Trust filed an amended annual report to include KPMG’s opinion on its internal controls over financial reporting, which was omitted previously. The filing leaves all other disclosures unchanged.
The Trust holds only physical platinum bullion. Its redeemable value rose from $1,018,947,768 at December 31, 2024 to $2,862,967,538 at December 31, 2025 as outstanding Shares grew from 12,200,000 to 15,550,000. The investment objective is to track the price of physical platinum, less expenses, via baskets of 50,000 Shares created and redeemed in-kind by Authorized Participants. The Sponsor earns a 0.60% annual fee on average net assets, paid monthly in platinum, and assumed most routine Trust expenses.
abrdn Platinum ETF Trust files its annual report describing a physically backed platinum ETF that holds only platinum bullion and issues redeemable shares in 50,000‑share Baskets. Trust Shares at redeemable value rose from $1,018,947,768 at December 31, 2024 to $2,862,967,538 at December 31, 2025 as platinum prices and assets increased.
Outstanding Shares grew from 12,200,000 to 15,550,000 over the same period, and the aggregate market value of Shares was $1,615,740,500 on June 30, 2025. The report explains platinum supply‑demand trends, the 2025 price rally to $2,226 per ounce before ending at $2,027, and details on creation/redemption, custody, valuation and the 0.60% annual Sponsor’s Fee.
abrdn Platinum ETF Trust (PPLT) reported Q3 2025 results, showing a larger portfolio of physical platinum and higher net asset values driven by platinum prices. Net assets rose to $1,957.9 million at September 30, 2025 from $1,617.4 million at June 30. NAV per share increased 16.20% in the quarter to $142.91, reflecting a 16.37% rise in the LBMA platinum price and routine fees.
The Trust held 1,233,210.9 oz of platinum, valued at $1,937.4 million, with other assets less liabilities of $20.5 million. Q3 operations produced a $259.4 million increase in net assets from realized and unrealized gains, partially offset by the Sponsor’s Fee of $2.53 million (annualized 0.60% expense ratio). During the quarter, 41 Baskets (2,050,000 shares) were created and 30 Baskets (1,500,000 shares) were redeemed, ending with 13,700,000 shares outstanding; as of November 6, 2025, shares outstanding were 13,300,000.
For the nine months ended September 30, 2025, NAV increased to $1,957.9 million from $1,018.9 million, and NAV per share rose 71.11% to $142.91, with total realized and unrealized gains of $752.4 million and Sponsor’s Fee of $5.91 million. Controls and procedures were deemed effective, with no material changes to risk factors or legal proceedings.