abrdn Platinum ETF Trust holds physical platinum to track its price, less expenses. For the quarter ended June 30, 2026, net assets fell from $2,396,712,689 to $1,773,133,277, largely reflecting a drop in platinum prices and net redemptions of Shares. The Trust held 1,132,121.8 oz of platinum, supporting 124,950,000 Shares outstanding, with NAV per Share declining from $17.30 to $14.19, a -17.98% total return.
Over the six months, platinum fell from $2,027.00 to $1,567.00 per ounce, contributing to a 38.07% decline in NAV and a -22.92% total return. Unrealized losses on platinum of $896,103,112 (000s of US$) dominated results, partially offset by realized gains on platinum distributed for redemptions. The Sponsor’s Fee, accruing at an annualized 0.60% of adjusted NAV and paid in-kind in platinum, was $7,867,739 for the six months.
After markets closed on May 14, 2026, the Trust effected a ten-for-one forward share split; all historical per-Share data have been adjusted. The Trust reports no borrowing, derivatives, or off-balance sheet arrangements, and disclosure controls were deemed effective as of June 30, 2026.
abrdn Platinum ETF Trust effected a 10-for-1 forward share split effective May 18, 2026. The split exchanged each pre-split Share for ten post-split Shares, increasing issued and outstanding Shares from 13,700,000 to 137,000,000. The filing shows a post-split NAV per Share of $17.86 and, separately, an adjusted NAV per Share of $17.89 as of the close of business on May 18, 2026. The Trust's total NAV is reported as $2,434,722,095.85. The supplement updates the Prospectus to reflect the split, replaces specified sections (Creation and redemption; Summary Financial Condition; Hypothetical Expense Example) and states the Prospectus is unchanged otherwise.
ABRDN ETF TRUST, on behalf of abrdn Platinum ETF Trust, completed a 10-for-1 forward split of the abrdn Physical Platinum Shares ETF before trading opened on May 18, 2026. Each share held as of the close on May 14, 2026 became ten new shares.
Immediately before the split there were 13,700,000 shares outstanding with a net asset value of $178.62 per share. After the split, outstanding shares increased to 137,000,000 and net asset value adjusted to $17.86 per share, leaving investors’ total investment value unchanged. The ETF’s ticker PPLT and CUSIP number did not change.
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.