abrdn Precious Metals Basket ETF Trust

abrdn Precious Metals Basket ETF Trust is a New York common law trust that holds a fixed basket of physical gold, silver, platinum, and palladium bullion. It issues shares representing fractional beneficial interests in those bullion holdings, with shares trading on NYSE Arca under the symbol GLTR.

— abrdn Precious Metals Basket ETF Trust
%
Bullion-backed ETF shares100% Exchange-traded shares that represent fractional ownership of the Trust's bullion holdings.

The Trust is bought by investors seeking listed exposure to a diversified basket of precious metals rather than direct...

  • Retail exchange-traded investorsprimary

    Buy GLTR shares on NYSE Arca for convenient exposure to a basket of precious metals.

  • Institutional investorsprimary

    Use the trust for portfolio diversification, tactical allocation, or hedging.

  • Authorized participantsprimary

    Broker-dealers and financial institutions that create and redeem baskets of shares.

  • Trading and arbitrage deskssecondary

    Use the shares to arbitrage NAV versus market price and manage precious-metals exposure.

The Trust is formed under New York law and is administered in the United States, with shares listed on NYSE Arca...

  • •Formed under New York law in the United States
  • •Shares trade on NYSE Arca in the U.S. market
  • •Bullion pricing references London benchmark prices
  • •Custody and administration are handled through third parties
  • •Exposure is global because bullion prices are set in international markets

The Trust's core strategy is passive: it seeks to track the value of a specified bullion basket rather than outperform...

01
Track the underlying bullion basket closelyshort-term

The product value is intended to mirror the metals held by the Trust, so tracking quality is central to investor use.

02
Support efficient creations and redemptionsshort-term

Authorized participant activity helps keep market price and NAV aligned.

03
Preserve custody and benchmark integritymedium-term

The trust depends on secure bullion storage and reliable pricing benchmarks to function as intended.

The Trust's value is directly tied to the market prices of gold, silver, platinum, and palladium, so metal-price...

high

Precious-metals price volatility

Share value is directly linked to the market price of gold, silver, platinum and palladium held by the Trust.

Scope
Bullion basket NAV and market price
Materiality
high
high

Benchmark price disruption

The Trust values bullion using LBMA and LPPM reference prices, so benchmark unreliability can affect NAV and trading.

Scope
LBMA Gold Price PM, LBMA Silver Price, LBMA Price PM
Materiality
high
high

Custody and access risk

Physical bullion can be lost, damaged, stolen, or become inaccessible due to events outside the Trust's control.

Scope
Bullion held by custodian
Materiality
high
medium

Market structure and flow risk

Large creations/redemptions in precious-metals ETVs can affect supply-demand dynamics and prices.

Scope
Gold, silver, platinum and palladium markets
Materiality
medium
medium

Operational/trading mechanics risk

Problems in the trust's issuance, redemption, or trading process could impair investor experience and pricing efficiency.

Scope
NYSE Arca trading and AP process
Materiality
medium
Fair value measurement of bullion
Changes in LBMA/LPPM prices flow directly into asset value
Realized gains and losses on bullion transfers
Can create period-to-period volatility in earnings
Accrued fees and liabilities
Reduces per-share NAV and affects comparability
In-kind fee settlement
Changes bullion holdings without cash outflow

abrdn Platinum ETF Trust

PPLT · Commodity Contracts Brokers & Dealers

abrdn Gold ETF Trust

SGOL · Commodity Contracts Brokers & Dealers

abrdn Silver ETF Trust

SIVR · Commodity Contracts Brokers & Dealers

abrdn Palladium ETF Trust

PALL · Commodity Contracts Brokers & Dealers

Invesco DB Precious Metals Fund

DBP · Commodity Contracts Brokers & Dealers

Grayscale XRP Trust ETF

GXRP · Commodity Contracts Brokers & Dealers

: 29.4.2026