GraniteShares Platinum Trust is a passive investment vehicle that holds physical platinum bullion to provide investors with exchange-traded exposure to the price of platinum. The Trust allows investors to track platinum prices without the logistics of buying, storing, and insuring physical metal. Each share represents a fractional interest in the Trust’s bullion. The Trust does not generate operating profit or engage in active investment; instead, it charges a Sponsor’s Fee of 0.50% of NAV. This fee is paid by transferring physical platinum to the Sponsor, which gradually reduces the metal backing each share. The fee covers administrative costs, including trustee, custodian, and listing fees. Shares are created and redeemed in 50,000-share Baskets only by Authorized Participants, including J.P. Morgan and Morgan Stanley. This creation and redemption process functions as an arbitrage mechanism to align the share price with the value of the underlying platinum. Retail and institutional investors trade shares on the secondary market through standard brokerage accounts. The Trust calculates its NAV daily based on the LBMA Platinum Price PM benchmark.