GraniteShares Platinum Trust

GraniteShares Platinum Trust is a passive investment vehicle that holds and manages physical platinum bullion on behalf of investors, issuing Shares that represent fractional ownership interests in its platinum holdings. The Trust serves retail and institutional investors seeking simple, cost-effective exposure to platinum without the logistical burden of direct physical ownership, providing access through Authorized Participants and traditional brokerage accounts via book-entry settlement. The Trust operates on a cost-recovery basis, generating no revenue but charging a fixed Sponsor's Fee of 0.50% annualized on net asset value, with the Sponsor covering most operational expenses including custodial, trustee, and administrative fees, while platinum holdings are sold only to cover fees, expenses, or upon Share redemption.