Earlier this year platinum exchange traded funds (ETFs) launched in Europe, but they have yet to attract huge investments. Since their launch three months ago, the ETFs have accumulated 1.3% of annual world mine output, Reuters reports. This compares to iShares Silver Trust (SLV), which held 14% of annual silver output in its first quarter. streetTRACKS Gold Shares (GLD) held 6% after its first three months.
There were rumors in the past that the United States will launch a platinum ETF, but as of now there is no product lined up. Analysts say the U.S. market has a bigger base of investors than Europe, so if there were an U.S. launch, then perhaps things would change in the platinum world.
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