49 unchanged sentences
Fee through in-kind transfers of platinum to the Sponsor.
−Removed: At September 30, 2023 the Trust did not have any cash balances.
+Added: At March 31, 2025 the Trust did not have any cash balances.
Sheet Arrangements
10 unchanged sentences
of Operations
−Removed: Quarter Ended December 31, 2024
−Removed: the quarter the Trust’s net asset value increased by 9.5% from $41,914,842 on September 30, 2024, to $45,904,688 on December 31,
−Removed: The increase in the Trust’s net asset value was due to the increase in the number of Shares outstanding from 4,400,000 on
−Removed: September 30, 2024, to 5,200,000 on December 31, 2024, an 18.2% increase.
−Removed: The net 800,000 shares increase was the result of 20 creation
−Removed: orders and 4 redemption orders (50,000 shares per creation and redemption).
−Removed: The Trust’s net asset value was negatively affected
−Removed: by the price of platinum, which decreased 7.2% from $985.00 on September 30, 2024, to $914.00 on December 31, 2024.
−Removed: 7.4% decrease in the Trust’s net asset value per share from $9.53 at September 30, 2024 to $8.83 at December 31, 2024 is directly
−Removed: related to the 7.2% 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 $55,648 for the period, or 0.13% of the Trust’s average weighted net assets of $44,156,625 during the period.
−Removed: The net asset value per share of $10.15 on October 29, 2024, was the highest during the period, compared with a low during the period
−Removed: of $8.80 on September 04, 2024.
−Removed: net decrease in net assets resulting from operations for the quarter ended December 31, 2024, was $3,386,561, resulting primarily from
−Removed: an unrealized loss on investment in platinum bullion of $3,173,113, increased by a loss of $157,800 on metal sold to cover redemption
−Removed: orders and Sponsor’s fees and by the Sponsor’s fees of $55,648.
+Added: Quarter Ended March 31, 2025
+Added: 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.
+Added: Trust’s net asset value increase was due to the positive change in the price of platinum, which moved from $914.00 on December
+Added: 31, 2024 to $993.00 on March 31, 2025, or 8.64%.
+Added: The impact of the change in platinum price was slightly increased by a positive change
+Added: in the number of shares outstanding from 5,200,000 to 5,250,000, or 0.96%.
+Added: The 50,000 shares increase was the result of 4 creation orders
+Added: and 3 redemption orders (50,000 shares per creation order).
+Added: 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
+Added: related to the 8.64% increase in the price of platinum.
+Added: Trust’s net asset value per share increased slightly less than the price of platinum on a percentage basis due to the
+Added: 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.
+Added: The net asset value per share of $9.66 on March 19, 2025, was the highest during the quarter, compared with a
+Added: low during the quarter of $8.83 on January 02, 2025.
+Added: net increase in net assets resulting from operations for the quarter ended March 31, 2025, was $4,008,040, resulting from an unrealized
+Added: 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
+Added: the Sponsor’s fees and decreased by the Sponsor’s fees of $61,502.
Other than the Sponsor’s fees the Trust had no expenses
during the quarter.
−Removed: Months Ended December 31, 2024
−Removed: Trust’s net asset value increased by 6.5% from $43,119,274 on June 30, 2024, to $45,904,688 on December 31, 2024.
−Removed: in the Trust’s net asset value was due to the increase in the number of Shares outstanding from 4,400,000 on June 30, 2024, to
−Removed: 5,200,000 on December 31, 2024, an 18.2% increase.
−Removed: The net 800,000 shares increase was the result of 20 creation orders and 4 redemption
−Removed: orders (50,000 shares per creation and redemption).
−Removed: The Trust’s net asset value was negatively affected by the price of platinum,
−Removed: which decreased 9.7% from $$1,012.00 on June 30, 2024, to $914.00 on December 31, 2024.
−Removed: 9.9% decrease in the Trust’s net asset value per share from $9.80 on June 30, 2024, to $8.83 on December 31, 2024, is directly
−Removed: related to the 9.7% decrease in the price of platinum.
+Added: Months Ended March 31, 2025
+Added: 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.
+Added: number of shares outstanding increased from 4,400,000 to 5,250,000 over this period, or 19.32%.
+Added: The 850,000 shares increase was the
+Added: net result of 24 creations orders and 7 redemption orders (50,000 shares per creation and redemption order).
+Added: The positive impact in
+Added: 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
+Added: on March 31, 2025.
+Added: 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
+Added: to the 1.88% decrease in the price of platinum.
Trust’s net asset value per share decreased slightly more than the price of platinum on a percentage basis due to the Sponsor’s
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 29, 2024, was the highest during the period, compared with a low during the period
−Removed: of $8.80 on September 04, 2024.
−Removed: decrease in net assets resulting from operations for the six-month period ended December 31, 2024, was $4,590,994, resulting primarily
−Removed: from an unrealized gain on investment in platinum bullion of $4,322,212, increased by a loss of $161,338 on metal sold to cover redemption
−Removed: orders and Sponsor’s fees and by the Sponsor’s fees of $107,444.
+Added: 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
+Added: $8.80 on September 05, 2024.
+Added: decrease in net assets resulting from operations for the 9 months period ending March 31, 2025, was $582,955, resulting from an unrealized
+Added: 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
+Added: the Sponsor’s fees, and by the Sponsor’s fees of $168,946.
Other than the Sponsor’s fees the Trust had no expenses
2 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.