GraniteShares Platinum Trust
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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FY2026 · Filed Aug 13, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30,2026
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
*Commission file number:*001-38349
GRANITESHARES PLATINUM TRUST
(Exact name of registrant as specified in its charter)
| New York | 82-6644954 |
|---|---|
| (State or other jurisdiction of | (I.R.S. Employer |
| incorporation or organization) | Identification No.) |
| c/o GRANITESHARES LLC | |
|---|---|
| 250 Broadway – 24th floor New York, NY | 10007 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
(646) 876 5096
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Name of each exchange on which registered |
|---|---|
| GraniteShares Platinum Shares | NYSE Arca |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months.
Yes ☒ No ☐
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non accelerated filer | ☐ | Smaller reporting company | ☒ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Aggregate market value of the registrant’s Shares outstanding based upon the closing price of a Share on June 30, 2026, as reported by the NYSE Arca, Inc. on that date: $162,846,000.
As of August 13, 2026, GraniteShares Platinum Trust has 10,900,000 GraniteShares Platinum Shares outstanding.
DOCUMENTS INCORPORATED BY REFERENCE: None.
FORWARD LOOKING STATEMENTS
This Annual Report on Form 10-K contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements usually include the words, “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “understands” and other words suggesting uncertainty. We remind readers that forward-looking statements are merely predictions and therefore inherently subject to uncertainties and other factors and involve known and unknown risks that could cause the actual results, performance, levels of activity, or our achievements, or industry results, to be materially different from any future results, performance, levels of activity, or our achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Trust undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Additional significant uncertainties and other factors affecting forward-looking statements are presented in the Risk Factors section herein.
TABLE OF CONTENTS
| PART I | 1 |
|---|---|
| Item 1. Business | 1 |
| Trust Objective | 1 |
| Overview of the platinum industry | 2 |
| Operation of the platinum market | 4 |
| Secondary Market Trading | 6 |
| Valuation of Platinum; Computation of Net Asset Value | 6 |
| Trust Expenses | 6 |
| Deposit of Platinum; Issuance of Baskets | 7 |
| Redemption of Baskets | 8 |
| Fees and Expenses of the Trustee | 9 |
| The Sponsor | 9 |
| The Trustee | 9 |
| The Custodian | 10 |
| Inspection of Platinum | 11 |
| Description of the Shares | 11 |
| Custody of the Trust’s Platinum | 12 |
| United States Federal Income Tax Consequences | 12 |
| ERISA and Related Considerations | 16 |
| Item 1A. Risk Factors | 17 |
| Item 1B. Unresolved Staff Comments | 28 |
| Item 1C. Cybersecurity | 28 |
| Item 2. Properties | 28 |
| Item 3. Legal Proceedings | 28 |
| Item 4. Mine Safety Disclosures | 28 |
| PART II | 29 |
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 29 |
| Item 6. Selected Financial Data | 30 |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 30 |
| Item 7A. Quantitative and Qualitative Disclosures about Market Risk | 33 |
| Item 8. Financial Statements and Supplementary Data (Unaudited) | 33 |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 34 |
| Item 9A. Controls and Procedures | 34 |
| Item 9B. Other Information | 35 |
| PART III | 35 |
| Item 10. Directors, Executive Officers and Corporate Governance | 35 |
| Item 11. Executive Compensation | 36 |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 36 |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 36 |
| Item 14. Principal Accounting Fees and Services | 37 |
| PART IV | 37 |
| Item 15. Exhibits, Financial Statement Schedules | 37 |
| Signatures | 38 |
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