ETFS Precious Metals Basket Trust just filed a prospectus, suggesting it plans to soon issue some securities

ETFS Precious Metals Basket Trust just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

424B3
1
gltr-424b3_102022.htm
PROSPECTUS



 

Filed
pursuant to Rule 424(b)(3)
Registration
Statement No. 333-267880
 
 
 
Shares
of abrdn Physical Precious Metals Basket Shares ETF
 
abrdn
Precious Metals Basket ETF Trust
 
The
abrdn Precious Metals Basket ETF Trust (Trust) issues abrdn Physical Precious Metals Basket Shares ETF (Shares) which represent
units of fractional undivided beneficial interest in and ownership of the Trust. abrdn ETFs Sponsor LLC is the sponsor of the
Trust (Sponsor), The Bank of New York Mellon is the trustee of the Trust (Trustee), and JPMorgan Chase Bank, N.A. is the custodian
of the Trust (Custodian). The Trust intends to issue additional Shares on a continuous basis.
 
The
Shares may be purchased from the Trust only in one or more blocks of 50,000 Shares (a block of 50,000 Shares is called a Basket).
The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis as described
in “Plan of Distribution.” Baskets will be offered continuously at the net asset value (NAV) for 50,000 Shares on
the day that an order to create a Basket is accepted by the Trustee. The Trust will not issue fractions of a Basket.
 
The
Shares trade on the NYSE Arca under the symbol “GLTR.”
 
Investing
in the Shares involves significant risks. See “Risk Factors” starting on page 6.
 
Neither
the Securities and Exchange Commission (SEC) nor any state securities commission has approved or disapproved of the securities
offered in this prospectus, or determined if this prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
 
The
Shares are neither interests in nor obligations of the Sponsor or the Trustee.
 
The
Trust issues Shares from time to time in Baskets, as described in “Creation and Redemption of Shares.” It is expected
that the Shares will be sold to the public at varying prices to be determined by reference to, among other considerations, the
prices of the gold, sil

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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