PLTMLOW SIGNALFINANCIAL10-K
GraniteShares Platinum Trust reported substantial growth in assets under management with shares at redeemable value nearly doubling from $43.1 million to $85.2 million over the fiscal year.
The trust demonstrated strong asset growth alongside an increase in outstanding shares from 4.4 million to 6.55 million, indicating healthy investor demand for platinum exposure through this ETF vehicle. The corresponding increase in sponsor fees from $188K to $243K reflects the trust's expanding asset base and successful fund management operations.
Comparing 2025-08-11 vs 2024-08-15View on EDGAR →
LANGUAGE CHANGES
NEW — 2025-08-11
PRIOR — 2024-08-15
ADDED
Aggregate market value of the registrant s Shares outstanding based upon the closing price of a Share on June 30, 2025 as reported by the NYSE Arca, Inc.
As of August 08, 2025, GraniteShares Platinum Trust has 700,000 GraniteShares Platinum Shares outstanding.
The Trust s Shares at redeemable value increased from $43,119,274, on June 30, 2024, to $$85,206,010, on June 30, 2025, the Trust s fiscal year end.
The Outstanding Shares in the Trust increased from 4,400,000 Shares on June 30, 2024 to 6,550,000 Shares on June 30, 2025.
The Sponsor s Fee for the year ended June 30, 2025 was $242,983.
The discussion below is based on the Internal Revenue Code of 1986, as amended (the Code ), Treasury Regulations promulgated thereunder and judicial and administrative interpretations of the Code, all as in effect on the date of this Prospectus; no assurance can be given that future legislation, regulations, court decisions and/or administrative pronouncements will not significantly change applicable law and materially affect the conclusions expressed herein, and any such change, even though made after a Shareholder has invested in the Trust, could be applied retroactively.
expatriates, persons whose functional currency is not the U.S.
In the opinion of Carlton Fields, special United States federal income tax counsel to the Sponsor, the Trust will be classified as a grantor trust for United States federal income tax purposes.
The opinion of Carlton Fields, LLP represents only its best legal judgment and is not binding on the IRS or any court and does not preclude the IRS from taking a contrary position.
If the IRS were to assert successfully that the Trust is not classified as a grantor trust, the Trust would likely be classified as a partnership for United States federal income tax purposes, which may affect the timing and other tax consequences to the Shareholders and would require the Trust to forward tax information on Schedule K-1 to investors.
REMOVED
As of August 14, 2024, GraniteShares Platinum Trust has 4,400,000 GraniteShares Platinum Shares outstanding.
The Trust s Shares at redeemable value increased from $34,919,057, at June 30, 2023 to $43,119,275, at June 30, 2024, the Trust s fiscal year end.
The Outstanding Shares in the Trust increased from 4,000,000 Shares on June 30, 2023 to 4,400,000 Shares on June 30, 2024.
The Sponsor s Fee for the year ended June 30, 2024 was $187,695.
The discussion below is based on the Internal Revenue Code of 1986, as amended (the Code ), Treasury Regulations promulgated thereunder and judicial and administrative interpretations of the Code, all as in effect on the date of this prospectus and all of which are subject to change either prospectively or retroactively.
Certain Shareholders (including but not limited to banks, financial institutions, insurance companies, tax-exempt organizations, broker-dealers, traders, Shareholders that are partnerships for United States federal income tax purposes, persons holding Shares as a position in a hedging, straddle, conversion, or constructive sale transaction for United States federal income tax purposes, persons whose functional currency is not the U.S.
In the opinion of Vedder Price P.C., special United States federal income tax counsel to the Sponsor, the Trust will be classified as a grantor trust for United States federal income tax purposes.
represents only its best legal judgment and is not binding on the IRS or any court.
If the IRS were to assert successfully that the Trust is not classified as a grantor trust, the Trust would likely be classified as a partnership for United States federal income tax purposes, which may affect the timing and other tax consequences to the Shareholders.
Shareholders who are individuals, estates or trusts, however, may be required to treat some or all of the expenses of the Trust as miscellaneous itemized deductions.
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