The abrdn Platinum ETF Trust is a passive investment vehicle that holds physical platinum bullion and issues shares that trade on NYSE Arca. Each share represents a fractional undivided beneficial interest in the Trust's platinum holdings, giving investors exposure to platinum prices without the burden of buying, storing, or insuring physical metal. Investors buy and sell shares through standard brokerage accounts like any listed equity. Only Authorized Participants — designated financial institutions including Goldman Sachs, J.P. Morgan, Morgan Stanley, HSBC, and UBS — can create or redeem shares, which they do in blocks of 50,000 shares by delivering or receiving physical platinum from the Trust's custodian, Bank of New York Mellon. The Trust charges a single annual Sponsor's Fee of 0.60% of average NAV, accruing daily and paid monthly by transferring physical platinum to the Sponsor. The Trust generates no income; shareholder returns are purely a function of platinum price movements, minus the 0.60% annual fee drag. The Trust is structured as a grantor trust and pays no income tax, with all gains and expenses flowing through to shareholders. The Trust holds allocated physical platinum — specific bars registered to the Trust — which minimizes counterparty risk. Fee income scales with both platinum prices and AUM, as the fee is calculated as a percentage of NAV.