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AI brief of an SEC Form 8-K · abrdn Precious Metals Basket ETF Trust (GLTR)

abrdn Precious Metals Basket ETF Trust switches bullion custodian from JPMorgan to ICBC Standard Bank

Neutral Impact 2 of 5 restructuring Written later

The trust signed new custody agreements with ICBC Standard Bank Plc and gave notice to terminate its agreements with JPMorgan Chase Bank N.A., with bullion to move to the new custodian. The filing also reduces the creation and redemption basket size from 50,000 to 25,000 shares effective June 18, 2024, and moves creations and redemptions to T+1 settlement from May 28, 2024; the filing states no cost or expense was or will be incurred by the trust or holders from the custodian change.

Key points

  • New custody agreements with ICBC Standard Bank Plc dated May 23, 2024, replace JPMorgan Chase Bank N.A. as custodian of bullion.
  • No cost or expense was, or will be, incurred by the trust or shareholders due to the custodian change.
  • Basket size falls from 50,000 to 25,000 shares effective June 18, 2024.
  • Creation and redemption orders move to T+1 settlement beginning May 28, 2024; earlier orders are not affected.

The filing

Companyabrdn Precious Metals Basket ETF Trust (GLTR)
Form8-K, current report
Filed with the SECMay 28, 2024, 4:48 PM ET
Accession number0001999371-24-006703

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.