GraniteShares Debuts Platinum Fund
New product is only the second physical platinum ETF to launch.
Today GraniteShares has rolled out a platinum ETF that holds actual platinum bars rather than tracking futures prices. The GraniteShares Platinum Trust (PLTM) vaults its holdings in London with custodian ICBC Standard Bank plc.
PLTM lists on the NYSE Arca and comes with an expense ratio of 0.50%. That’s 10 basis points cheaper than its only direct competitor, the $592 million ETFS Physical Platinum Shares (PPLT).
PPLT has been on a tear since the waning days of 2017 and is up nearly 10% over the past one-month period.
GraniteShares has been focused on launching competitively priced commodity products since it rolled out its first ETFs earlier this year.
Contact Heather Bell at [email protected]
