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GraniteShares launches new low-cost platinum ETF

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GraniteShares, a new kind of exchange-traded fund (ETF) company, has launched the lowest cost physical platinum ETF available in the US at 50 basis points.

The GraniteShares Platinum Trust (PLTM) will be backed by physical platinum held in a vault in London.
 
“We believe that platinum is one of the best investment stories never told. Many investors are simply not aware of its investment potential and our mission is to change that,” says Will Rhind, CEO of GraniteShares. “Platinum is a unique, durable metal that is used in a variety of ways, including in the reduction of vehicle emissions, the making of jewellery and in a range of industrial applications. Through PLTM, GraniteShares is seeking to offer cost-effective access to investing in platinum.”
 
In seeking to demonstrate its commitment to platinum as an investment asset, GraniteShares entered into an agreement with the World Platinum Investment Council (WPIC), a global market authority on physical platinum investment, to fund the development and launch of PLTM. WPIC’s mission is to stimulate global investor demand for physical platinum through both actionable insights communicating the case for investing in platinum and targeted product development.
 
“The WPIC recognises the continued investor demand for platinum, and is pleased to see another platinum-focused investment product that will increase the choices available to investors,” says Paul Wilson, CEO of WPIC.
 

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