ADDED
As of February 26, 2026, abrdn Precious Metals Basket ETF Trust had 13,500,000.00 abrdn Physical Precious Metals Basket Shares ETF outstanding.
Business 2 Trust Objective 2 Overview of the Bullion Industry 3 Operation of the Bullion Markets 12 Secondary Market Trading 20 Valuation of Bullion and Computation of Net Asset Value 20 Trust Expenses 21 Creation and Redemption of Shares 22 Creation Procedures 23 Redemption Procedures 24 Creation and Redemption Transaction Fee 25 The Sponsor 26 The Trustee 26 The Custodian 27 Inspection of Bullion 27 Description of Shares 27 Custody of the Trust s Bullion 28 United States Federal Income Tax Consequences 29 ERISA and Related Considerations 31 Item 1A.
Market for Registrant s Common Equity , Related Stockholder Matters and Issuer Purchases of Equity Securities 41 Item 7.
The Trust was formed on October 18, 2010 when an initial deposit of Bullion was made in exchange for the issuance of two Baskets (at the time of the initial deposit, a Basket consisted of 50,000 Shares; effective June 18, 2024, the number of Shares comprising a Basket was reduced to 25,000 Shares).
The Trust s Shares at redeemable value increased from $1,039,953,142 at December 31, 2024 to $2,577,422,977 at December 31, 2025, the Trust s fiscal year end.
Outstanding Shares in the Trust increased from 9,500,000 Shares at December 31, 2024 to 12,500,000 Shares at December 31, 2025.
According to statistics provided by the World Gold Council, as of Q4 2025, central banks are estimated to hold approximately 36,492 tonnes ( tonne refers to one metric tonne, which is equivalent to 1,000 kilograms or 32,151 troy ounces) of gold reserves.
3 World Gold Supply and Demand 2015-2024 (in tonnes) The following table sets forth a summary of the world gold supply and demand for the period from 2015 to 2024 and is based on information reported by the World Gold Council.
Information for the calendar year ended 2025 is not available as of the date of this report.
Of the three sources of supply, mine production accounts for 73.5% in 2024.
REMOVED
As of February 26, 2025, abrdn Precious Metals Basket ETF Trust had 9,725,000 abrdn Physical Precious Metals Basket Shares ETF outstanding.
Business 3 Trust Objective 3 Overview of the Bullion Industry 4 Operation of the Bullion Markets 15 Secondary Market Trading 25 Valuation of Bullion and Computation of Net Asset Value 25 Trust Expenses 26 Creation and Redemption of Shares 27 Creation Procedures 29 Redemption Procedures 30 Creation and Redemption Transaction Fee 32 The Sponsor 32 The Trustee 33 The Custodian 33 Inspection of Bullion 34 Description of Shares 34 Custody of the Trust s Bullion 35 United States Federal Income Tax Consequences 36 ERISA and Related Considerations 39 Item 1A.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 49 Item 7.
The Trust was formed on October 18, 2010 when an initial deposit of Bullion was made in exchange for the issuance of two Baskets (a Basket consisted of 50,000 Shares).
The Trust s Shares at redeemable value increased from $958,830,648 at December 31, 2023 to $1,039,953,142 at December 31, 2024, the Trust s fiscal year end.
Outstanding Shares in the Trust decreased from 10,450,000 Shares at December 31, 2023 to 9,500,000 Shares at December 31, 2024.
From 2009 to 2019, the European Central Bank and other central banks of Europe operated under a series of four Central Bank Gold Agreements ( CBGA ).
The CBGA limited the amount of gold that these banks were allowed to sell for the duration of each agreement, helping to stabilize the gold market.
The CBGA had the desired effect, and the gold market has become more balanced, eliminating the need for a formal agreement going forward.
According to statistics provided by the World Gold Council, as of Q4 2023, central banks are estimated to hold approximately 36,699 tonnes ( tonne refers to one metric tonne, which is equivalent to 1,000 kilograms or 32,151 troy ounces) of gold reserves, or approximately 17% of existing above-ground stocks.