66 unchanged sentences
Rhind is 44 years old.
−Removed: Autier has been the Chief Accounting Officer (“CAO”) and Head of Products of the Sponsor since its inception on January
−Removed: Autier was previously the Head of Product Management for the World Gold Council from September 2015 to October 2016.
−Removed: January 2015 to September 2015, Mr.
−Removed: Autier was the President of ETF Securities Advisors, LLC, an affiliate of ETF Securities.
−Removed: As President,
−Removed: Autier managed all aspects of implementation of ETF Securities’ platform for funds registered under the Investment Company
−Removed: Act of 1940, as amended.
−Removed: Autier was also the Head of Product Management of ETF Securities from July 2005 to September 2015.
−Removed: designed and implemented operational processes for over 300 European and U.S.
−Removed: financial products in that role.
−Removed: Autier previously
−Removed: was employed by Flow Traders, one of the leading market makers in Europe for exchange-traded commodities;
−Removed: by KPMG in Paris as a senior
+Added: Autier served as the Chief Accounting Officer (“CAO”) and Head of Product of the Sponsor from the fund’s inception
+Added: on January 6, 2017 until June 1, 2026.
+Added: Autier was previously the Head of Product Management for the World Gold Council from September
+Added: 2015 to October 2016.
+Added: From January 2015 to September 2015, Mr.
+Added: Autier was the President of ETF Securities Advisors, LLC, an affiliate
+Added: of ETF Securities.
+Added: As President, Mr.
+Added: Autier managed all aspects of implementation of ETF Securities’ platform for funds registered
+Added: under the Investment Company Act of 1940, as amended.
+Added: Autier was also the Head of Product Management of ETF Securities from July
+Added: 2005 to September 2015.
+Added: Autier designed and implemented operational processes for over 300 European and U.S.
+Added: financial products in
+Added: Autier previously was employed by Flow Traders, one of the leading market makers in Europe for exchange-traded commodities;
+Added: by KPMG in Paris as a senior consultant;
and by Ernst and Young Corporate Finance.
−Removed: Autier holds a Masters in Finance from London Business School.
−Removed: 48 years old.
+Added: Autier holds a Masters in Finance from London
+Added: Business School.
+Added: Autier is 48 years old.
+Added: DallAcqua assumed the role of Chief Accounting Officer (“CAO”) effective June 1, 2026.
+Added: DallAcqua also serves
+Added: as the Chief Financial Officer for GraniteShares Inc and its subsidiary companies.
+Added: Previously he was the Vice President of Finance for
+Added: Tidal Financial Group and Toroso Investments, in addition to CFO roles in other industries.
+Added: DallAcqua holds a Bachelors degree in
+Added: Finance and International Business from Northeastern University.
+Added: DallAcqua is 42 years old.
Executive Compensation
42 unchanged sentences
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Document
−Removed: XBRL Taxonomy Extension Definitions Document
−Removed: XBRL Taxonomy Extension Labels Document
−Removed: XBRL Taxonomy Extension Presentation Document
−Removed: Page Interactive Data File (embedded within the Inline XBRL document)
+Added: Inline XBRL Instance Document
+Added: Inline XBRL Taxonomy Extension
+Added: Schema Document
+Added: Inline XBRL Taxonomy Extension
+Added: Calculation Document
+Added: Inline XBRL Taxonomy Extension
+Added: Definitions Document
+Added: Inline XBRL Taxonomy Extension
+Added: Labels Document
+Added: Inline XBRL Taxonomy Extension
+Added: Presentation Document
+Added: Cover Page Interactive
+Added: Data File (embedded within the Inline XBRL document)
Filed herewith.
9 unchanged sentences
GraniteShares
−Removed: of the GraniteShares Platinum Trust
+Added: Sponsor of the GraniteShares
+Added: Platinum Trust
August 13, 2026
1 unchanged sentence
August 13, 2026
−Removed: Benoit Autier
−Removed: Accounting Officer
+Added: Brandon Dall’Acqua*
+Added: Chief Accounting Officer
Registrant is a trust and the persons are signing in their capacities as officers of GraniteShares LLC, the Sponsor of the Registrant.
3 unchanged sentences
Report of Independent Registered Public Accounting Firm (PCAOB ID:
−Removed: of Assets and Liabilities at June 30, 2025 and 2024
−Removed: of Investments at June 30, 2025 and 2024
−Removed: of Operations for the fiscal period ended June 30, 2025, 2024 and 2023
−Removed: of Changes in Net Assets for the fiscal period ended June 30, 2025, 2024 and 2023
−Removed: Highlights for the years ended June 30, 2025, 2024 and 2023
+Added: Statements of Assets and Liabilities at June 30, 2026 and 2025
+Added: Schedules of Investments at June 30, 2026 and 2025
+Added: Statements of Operations for the fiscal period ended June 30, 2026, 2025 and 2024
+Added: Statements of Changes in Net Assets for the fiscal period ended June 30, 2026, 2025 and 2024
+Added: Financial Highlights for the years ended June 30, 2026, 2025 and 2024
Notes to the Financial Statements
−Removed: taitweller.com
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
−Removed: To Management of the Trust’s Sponsor and Shareholders of
−Removed: GraniteShares Platinum Trust
−Removed: Opinion on the Financial Statements
−Removed: We have audited the accompanying statements of
−Removed: assets and liabilities of GraniteShares Platinum Trust (the “Trust”), including the schedules of investments, as of June 30,
−Removed: 2025 and 2024, the related statements of operations, the statements of changes in net assets, and the financial highlights for each of
−Removed: the years in the three-year period ended June 30, 2025, and the related notes (collectively referred to as the “financial statements”).
−Removed: In our opinion, the financial statements present fairly, in all material respects, the financial position of the Trust as of June 30,
−Removed: 2025 and 2024, and the results of its operations, the changes in its net assets, and the financial highlights for each of the years in
−Removed: the three-year period ended June 30, 2025, in conformity with U.S.
−Removed: generally accepted accounting principles.
−Removed: Basis for Opinion
−Removed: These financial statements are the responsibility
−Removed: of the management of GraniteShares LLC (the Trust’s sponsor).
−Removed: Our responsibility is to express an opinion on the Trust’s financial
−Removed: statements based on our audits.
−Removed: We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
−Removed: States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S.
−Removed: federal securities
−Removed: laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
−Removed: We have served as the auditor of
−Removed: one or more GraniteShares LLC investment companies since 2019.
−Removed: We conducted our audits in accordance with the
−Removed: standards of the PCAOB.
−Removed: Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
−Removed: statements are free of material misstatement, whether due to error or fraud.
−Removed: The Trust is not required to have, nor were we engaged to
−Removed: perform, an audit of its internal control over financial reporting.
−Removed: As part of our audits, we are required to obtain an understanding
−Removed: of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s
−Removed: internal control over financial reporting.
+Added: Management of the Trust’s Sponsor and Shareholders of
+Added: GraniteShares
+Added: Platinum Trust
+Added: on the Financial Statements
+Added: have audited the accompanying statements of assets and liabilities of GraniteShares Platinum Trust (the “Trust”), including
+Added: the schedules of investments, as of June 30, 2026 and 2025, the related statements of operations, the statements of changes in net assets,
+Added: and the financial highlights for each of the years in the three-year period ended June 30, 2026, and the related notes (collectively
+Added: referred to as the “financial statements”).
+Added: In our opinion, the financial statements present fairly, in all material respects,
+Added: the financial position of the Trust as of June 30, 2026 and 2025, and the results of its operations, the changes in its net assets, and
+Added: the financial highlights for each of the years in the three-year period ended June 30, 2026, in conformity with U.S.
+Added: generally accepted
+Added: accounting principles.
+Added: financial statements are the responsibility of the management of GraniteShares LLC (the Trust’s sponsor).
+Added: Our responsibility is
+Added: to express an opinion on the Trust’s financial statements based on our audits.
+Added: We are a public accounting firm registered with
+Added: the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to
+Added: the Trust in accordance with the U.S.
+Added: federal securities laws and the applicable rules and regulations of the Securities and Exchange
+Added: Commission and the PCAOB.
+Added: We have served as the auditor of one or more GraniteShares LLC investment companies since 2019.
+Added: conducted our audits in accordance with the standards of the PCAOB.
+Added: Those standards require that we plan and perform the audit to obtain
+Added: reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
+Added: is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.
+Added: As part of our audits,
+Added: we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion
+Added: on the effectiveness of the Trust’s internal control over financial reporting.
Accordingly, we express no such opinion.
−Removed: Our audits included performing procedures to assess
−Removed: the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
−Removed: to those risks.
−Removed: Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
−Removed: Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
−Removed: the overall presentation of the financial statements.
−Removed: We believe that our audits provide a reasonable basis for our opinion.
−Removed: Critical Audit Matter
−Removed: audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or
−Removed: required to be communicated to management of the Trust’s Sponsor and that:
+Added: audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
+Added: or fraud, and performing procedures that respond to those risks.
+Added: Such procedures included examining, on a test basis, evidence regarding
+Added: the amounts and disclosures in the financial statements.
+Added: Our audits also included evaluating the accounting principles used and significant
+Added: estimates made by management, as well as evaluating the overall presentation of the financial statements.
+Added: We believe that our audits
+Added: provide a reasonable basis for our opinion.
+Added: critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated
+Added: or required to be communicated to management of the Trust’s Sponsor and that:
(1) relates to accounts or disclosures that are material
2 unchanged sentences
audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the
−Removed: critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.
−Removed: Evaluation of the evidence pertaining to the existence of the platinum
−Removed: As disclosed in the schedule of investments, as
−Removed: of June 30, 2025, the Trust’s market value of platinum holdings was $85,235,432 representing 100.03% of the Trust’s net assets
−Removed: and 63,137.357 ounces of platinum holdings.
−Removed: The investments in platinum was held by a third-party custodian (the “Custodian”).
−Removed: We identified the evaluation of the evidence pertaining to the existence
−Removed: of the platinum holdings as a critical audit matter.
−Removed: Given the nature and volume of platinum holdings, subjective auditor judgement was
−Removed: required to evaluate the extent and nature of evidence obtained to assess the quantity of platinum held by the Custodian.
−Removed: The following are the primary procedures we performed
−Removed: to address the critical audit matter.
−Removed: We obtained a schedule directly from the Custodian of the Trust’s platinum holdings held by
−Removed: the Custodian as of June 30, 2025.
−Removed: We compared the total ounces on such schedule to the Trust’s record of platinum holdings.
−Removed: also obtained the results of the physical count and brand purity of the Trust’s platinum holdings performed at the Custodian’s
−Removed: location by a third party directly from such third party and reconciled the results to the Trust’s and Custodian’s record
+Added: critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it
+Added: of the evidence pertaining to the existence of the platinum holdings
+Added: disclosed in the schedule of investments, as of June 30, 2026, the Trust’s market value of platinum holdings was $163,840,509 representing
+Added: 100.05% of the Trust’s net assets and 104,556.802 ounces of platinum holdings.
+Added: The investments in platinum was held by a third-party
+Added: custodian (the “Custodian”).
+Added: identified the evaluation of the evidence pertaining to the existence of the platinum holdings as a critical audit matter.
+Added: nature and volume of platinum holdings, subjective auditor judgement was required to evaluate the extent and nature of evidence obtained
+Added: to assess the quantity of platinum held by the Custodian.
+Added: following are the primary procedures we performed to address the critical audit matter.
+Added: We obtained a schedule directly from the Custodian
+Added: of the Trust’s platinum holdings held by the Custodian as of June 30, 2026.
+Added: We compared the total ounces on such schedule to the
+Added: Trust’s record of platinum holdings.
+Added: We also obtained the results of the physical count and brand purity of the Trust’s platinum
+Added: holdings performed at the Custodian’s location by a third party directly from such third party and reconciled the results to the
+Added: Trust’s and Custodian’s record of holdings.
WELLER & BAKER LLP
7 unchanged sentences
Platinum receivable for fund shares sold
−Removed: Pa yable for platinum purchased
+Added: Payable for platinum purchased
Fees payable to Sponsor
2 unchanged sentences
Net asset value per Share
−Removed: of investment in platinum:
+Added: Cost of investment in platinum:
$ 164,519 and $ 65,762 , respectively.
−Removed: par value, unlimited amount authorized.
+Added: No par value, unlimited
+Added: amount authorized.
Notes to the Financial Statements
24 unchanged sentences
Net realized gain (loss) from:
−Removed: Platinum sold to pay expenses
−Removed: Platinum distributed for the redemption of Shares
+Added: Platinum bullion sold to pay expenses
+Added: Platinum bullion distributed for the redemption of Shares
Net realized gain (loss)
14 unchanged sentences
Net Assets – beginning of year
−Removed: Creation of 3,150,000 , 850,000 and 350,000 shares respectively
−Removed: Redemption of ( 1,000,000 ) , ( 450,000 ) , and ( 1,400,000 ) shares respectively
+Added: Creation of 8,150,000 , 3,150,000 ,
+Added: and 850,000 shares respectively
+Added: Redemption of ( 3,800,000 ) , ( 1,000,000 ) ,
+Added: and ( 450,000 ) ,
+Added: shares respectively
Net investment income (loss)
1 unchanged sentence
Net realized gain (loss) from platinum bullion distributed for redemptions
−Removed: Net change in unrealized gain (loss) on investment in platinum bullion
+Added: Net change in unrealized appreciation (depreciation) on investment in platinum bullion
Net Assets – end of year
9 unchanged sentences
Net asset value per Share at beginning of year
−Removed: Net investment
−Removed: income (loss) (1)
+Added: Net investment (loss) (1)
Net realized and unrealized gain (loss) on investment in platinum
7 unchanged sentences
Net investment loss
−Removed: using the average shares outstanding method.
+Added: Calculated using the average shares outstanding method.
Notes to the Financial Statements
56 unchanged sentences
Investment in Platinum
−Removed: The following table summarizes the Trust’s investments at fair value:
+Added: following table summarizes the Trust’s investments at fair value:
(Amounts in 000’s of US$)
19 unchanged sentences
than platinum.
−Removed: Other than the Sponsor’s Fee, the Trust had no expenses during the years ended June 30, 2025, 2024 and 2023.
+Added: Other than the Sponsor’s Fee, the Trust had no expenses during the year ended June 30, 2026, 2025 and 2024.
otherwise directed by the Sponsor, when selling platinum the Trustee will endeavor to sell at the price established by the LBMA PM Platinum
10 unchanged sentences
on a trade date basis using the average cost method.
−Removed: Receivable and Payable
+Added: Platinum Receivable and Payable
receivable or payable represents the quantity of platinum covered by contractually binding orders for the creation or redemption of Shares
46 unchanged sentences
and 2023 tax years remain open for examination .
−Removed: Recently Issued Accounting Pronouncement
+Added: Segment Reporting
Trust adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) -Improvements to Reportable Segment Disclosures
9 unchanged sentences
within the Trust’s financial statements.
+Added: Recently Adopted Accounting Pronouncement
+Added: Trust adopted the FASB Accounting Standards Update 2023-09, “Income Taxes (Topic 740) Improvements to Income Tax Disclosures”
+Added: (“ASU 2023-09”), which establishes new income tax disclosure requirements and modifies or eliminates certain existing disclosure
+Added: The amendments in this ASU are intended to address investor requests for more transparency about income tax information and
+Added: to improve the effectiveness of income tax disclosures.
+Added: The Trust’s adoption of ASU 2023-09 did not have a material impact on the
+Added: Trust’s financial statements.
Investment in Platinum
67 unchanged sentences
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.