What GLTRON tracks
GLTRON tracks abrdn Physical Precious Metals Basket Shares ETF, a fund holding platinum, palladium, or a basket of precious metals in a vault. Its price follows the fund's share price, adjusted for how much of a share each token represents.
Platinum and palladium are used mainly in vehicle catalytic converters, and their markets are small, so prices can move sharply on changes in supply or demand.
About abrdn Physical Precious Metals Basket Shares ETF (Ondo Tokenized)
GLTRon is the Ondo Tokenized version of the abrdn Physical Precious Metals Basket Shares ETF, giving tokenholders economic exposure similar to holding GLTR and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.
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How GLTRON works
GLTRON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. GLTRON tracks the price of abrdn Physical Precious Metals Basket Shares ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping GLTRON, and it does not issue, back, or custody the token.
The price of GLTRON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
The asset behind GLTRON doesn't pay distributions, so the value of GLTRON reflects price movement alone.
When can you trade GLTRON?
GLTRON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of GLTRON comes from on-chain trading alone and can drift from the fund's last close.
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More in Precious Metals
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | abrdn Physical Palladium Shares ETF | $18.18 | 0.47% | Backed Finance | US market hours | |
| 2 | abrdn Physical Palladium Shares ETF | $18.18 | 0.47% | Ondo | US market hours | |
| 3 | abrdn Physical Platinum Shares ETF | $13.475 | 2.21% | Backed Finance | US market hours | |
| 4 | abrdn Physical Platinum Shares ETF | $13.475 | 2.21% | Ondo | US market hours |