Overview
Physically-backed platinum ETF. Strong 2025 performer driven by automotive catalytic converter demand and emerging hydrogen fuel cell applications.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| PLAT BULLION | Physical Platinum London | 100.0% |
Fund Details
Investment Thesis
Platinum has historically traded at a premium to gold but now trades at a deep discount, creating a potential mean reversion opportunity. Supply is highly concentrated in South Africa, creating geopolitical risk premiums. Emerging hydrogen fuel cell technology for heavy transport represents an entirely new and potentially massive demand driver for platinum catalysts beyond traditional automotive use.
Who It's For
Contrarian precious metals investors who believe platinum's current discount to gold is historically anomalous and unsustainable. Also suitable for investors with a specific thesis on hydrogen economy development and platinum's irreplaceable role in fuel cell catalysts. Platinum provides genuine diversification within a precious metals allocation as it trades with different drivers than gold and silver.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $92.18 | -- |
| 2017 | $98.42 | +6.8% |
| 2018 | $88.82 | -9.8% |
| 2019 | $92.18 | +3.8% |
| 2020 | $100.18 | +8.7% |
| 2021 | $108.82 | +8.6% |
| 2022 | $96.82 | -11.0% |
| 2023 | $88.42 | -8.7% |
| 2024 | $98.42 | +11.3% |
| 2025 | $240.82 | +144.7% |
| Year | Yield |
|---|---|
| 2016 | 0.00% |
| 2017 | 0.00% |
| 2018 | 0.00% |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.4B | -- |
| 2017 | $0.4B | +0.0% |
| 2018 | $0.4B | +0.0% |
| 2019 | $0.4B | +0.0% |
| 2020 | $0.5B | +25.0% |
| 2021 | $0.5B | +0.0% |
| 2022 | $0.4B | -20.0% |
| 2023 | $0.4B | +0.0% |
| 2024 | $0.5B | +25.0% |
| 2025 | $1.2B | +140.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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