31 unchanged sentences
each business day, as soon as practicable after 4:00 p.m.
−Removed: (New York time), the Trustee evaluates the platinum held by the Trust and determines
+Added: (New York time), the Trustee values the platinum held by the Trust and determines
the net asset value of the Trust and the NAV.
28 unchanged sentences
of Operations
−Removed: Quarter Ended March 31, 2025
−Removed: Trust’s net asset value increased from $45,904,688 on December 31, 2024 to $50,291,907 on March 31, 2025, a 9.56% increase.
−Removed: Trust’s net asset value increase was due to the positive change in the price of platinum, which moved from $914.00 on December
−Removed: 31, 2024 to $993.00 on March 31, 2025, or 8.64%.
−Removed: The impact of the change in platinum price was slightly increased by a positive change
−Removed: in the number of shares outstanding from 5,200,000 to 5,250,000, or 0.96%.
−Removed: The 50,000 shares increase was the result of 4 creation orders
−Removed: and 3 redemption orders (50,000 shares per creation order).
−Removed: 8.49% increase in the Trust’s net asset value per share, from $8.83 on December 31, 2024, to $9.58 on March 31, 2025, is directly
−Removed: related to the 8.64% increase in the price of platinum.
−Removed: Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the
−Removed: Sponsor’s fees, which were $61,502 for the quarter, or 0.123% of the Trust’s average weighted net assets of $49,885,104 during the quarter.
−Removed: The net asset value per share of $9.66 on March 19, 2025, was the highest during the quarter, compared with a
−Removed: low during the quarter of $8.83 on January 02, 2025.
−Removed: net increase in net assets resulting from operations for the quarter ended March 31, 2025, was $4,008,040, resulting from an unrealized
−Removed: gain on investment in platinum bullion of $4,096,030, decreased by a loss of $26,488 on metal sold to cover the redemption orders and
−Removed: the Sponsor’s fees and decreased by the Sponsor’s fees of $61,502.
−Removed: Other than the Sponsor’s fees the Trust had no expenses
−Removed: during the quarter.
−Removed: Months Ended March 31, 2025
−Removed: Trust’s net asset value increased from $43,119,274 on June 30, 2024 to $50,291,907 on March 31, 2025, a 16.63% increase.
−Removed: number of shares outstanding increased from 4,400,000 to 5,250,000 over this period, or 19.32%.
−Removed: The 850,000 shares increase was the
−Removed: net result of 24 creations orders and 7 redemption orders (50,000 shares per creation and redemption order).
−Removed: The positive impact in
−Removed: the number of shares outstanding was reduced by the price of platinum, which decreased 1.88% from $1,012.00 on June 30, 2024, to $993.00
−Removed: on March 31, 2025.
−Removed: 2.24% decrease in the Trust’s net asset value per share, from $9.80 on June 30, 2024, to $9.58 on March 31, 2025, is directly related
−Removed: to the 1.88% decrease in the price of platinum.
−Removed: Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
−Removed: fees, which were $168,946 for the period, or 0.375% of the Trust’s average weighted net assets of $45,011,536 during the period.
−Removed: The net asset value per share of $10.15 on October 30,2024 was the highest during the period, compared with a low during the period of
−Removed: $8.80 on September 05, 2024.
−Removed: decrease in net assets resulting from operations for the 9 months period ending March 31, 2025, was $582,955, resulting from an unrealized
−Removed: loss on investment in platinum bullion of $226,183, decreased by a loss of $187,826 on metal sold to cover the redemption orders and
−Removed: the Sponsor’s fees, and by the Sponsor’s fees of $168,946.
−Removed: Other than the Sponsor’s fees the Trust had no expenses
−Removed: during the quarter.
+Added: Quarter Ended September 30, 2025
+Added: Trust’s net asset value increased from $85,206,010 on June 30, 2025 to $129,274,099 on September 30, 2025, a 51.7% increase.
+Added: Trust’s net asset value increased due to the positive change in the price of platinum, which moved from $1,350.00 on June 30, 2025
+Added: to $1,571.00 on September 30, 2025, or 16.37%, as well as an increase of 2,000,000 shares outstanding, resulting from 41 baskets created
+Added: and 1 basket redeem (each basket is equal to 50,000 shares) or 30.53%.
+Added: 16.22% increase in the Trust’s net asset value per share, from $13.01 on June 30, 2025 to $15.12 on September 30, 2025 is
+Added: directly related to the 2.67% price went up need updated language 16.37% increase in price of platinum decrease in the price of
+Added: Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the Sponsor’s
+Added: fees, which were $116,861 for the quarter, or 0.5% of the Trust’s average weighted net assets of $93,201,357 during the quarter.
+Added: The net asset value per share of $15.29 on September 29, 2025 was the highest during the quarter, compared with a low during the quarter
+Added: of $12.54 on August 01, 2025.
+Added: net increase in net assets resulting from operations for the quarter ended September 30, 2025 was $15,776,940, resulting from an unrealized
+Added: gain on investment in platinum bullion of $15,733,856, a gain of $159,945 on metal sold to cover redemption orders and Sponsor’s
+Added: fees, and the Sponsor’s fees of $116,861.
+Added: Other than the Sponsor’s fees the Trust had no expenses during the quarter.
Quantitative and Qualitative Disclosures About Market Risk
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.