arcee-ai/sec-data-mini · Datasets at Hugging Face

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Shares at December 31, 2021 to 149,300,000 at March 31, 2022 as a result of 12,300,000 Shares (123 Baskets) being created and
1,000,000 Shares (10 Baskets) being redeemed during the quarter . The
NAV per Share increased 7.50% from $17.33 at December 31, 2021 to $18.63 at March 31, 2022. The Trust’s NAV per Share increased
slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,073,082 for
the quarter, or 0.17% of the Trust’s ANAV on an annualized basis. The
NAV per Share of $19.56 at March 8, 2022 was the highest during the quarter, compared with a low of $17.16 at January 28, 2022. The
increase in net assets from operations for the quarter ended March 31, 2022 was $185,175,115, resulting from a realized gain
of $159,172 on the transfer of gold to pay expenses, a realized gain of $3,764,141 on gold distributed for the redemption of Shares
and an increase in unrealized gain on investment in gold of $182,324,884, offset by the Sponsor’s Fee of $1,073,082. Other
than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2022. The
Quarter Ended March 31, 2021 The
Trust’s NAV decreased from $2,652,511,503 at December 31, 2020 to $2,264,837,021 at March 31, 2021, a 14.62% decrease for
the quarter. The decrease in the Trust’s NAV resulted primarily from a decrease in outstanding Shares, which dropped from
146,200,000 Shares at December 31, 2020 to 139,400,000 Shares at March 31, 2021, as a result of 3,400,000 Shares (34 Baskets)
being created and 10,200,000 Shares (102 Baskets) being redeemed, as well as a decrease in the price per ounce of gold, which
dropped 10.41% from $1,887.60 at December 31, 2020 to $1,691.05 at March 31, 2021. The
NAV per Share decreased 10.42% from $18.14 at December 31, 2020 to $16.25 at March 31, 2021. The Trust’s NAV per Share decreased
slightly more than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,050,889 for
the quarter, or 0.17% of the Trust’s ANAV on an annualized basis. The
NAV per Share of $18.68 at January 4, 2021 was the highest during the quarter, compared with a low of $16.18 at March 30, 2021. 13 The
decrease in net assets from operations for the quarter ended March 31, 2021 was $278,338,931, resulting from a realized gain of
$194,673 on the transfer of gold to pay expenses and a realized gain of $20,641,240 on gold distributed for the redemption of
Shares, offset by a change in unrealized loss on investment in gold of $298,123,955 and the Sponsor’s Fee of $1,050,889.
Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2021. Liquidity
& Capital Resources The
Trust is not aware of any trends, demands, commitments, events or uncertainties that are reasonably likely to result in material
changes to its liquidity needs. In exchange for the Sponsor’s Fee, the Sponsor has agreed to assume most of the expenses
incurred by the Trust. As a result, the only ordinary expense of the Trust during the period covered by this report was the Sponsor’s
Fee. The
Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s gold as necessary to
pay the Trust’s expenses not otherwise assumed by the Sponsor. The Trustee will not sell gold to pay the Sponsor’s
Fee but will pay the Sponsor’s Fee through in-kind transfers of gold to the Sponsor. At March 31, 2022, the Trust
did not have any cash balances. Off-Balance
Sheet Arrangements The
Trust has no off-balance sheet arrangements. Critical
Accounting Policies The
financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United
States of America. The preparation of these financial statements relies on estimates and assumptions that impact the Trust’s
financial position and results of operations. These estimates and assumptions affect the Trust’s application of accounting
policies. Refer to Note 2 to the Financial Statements for further information on accounting policies. Item
3. Quantitative and Qualitative Disclosures About Market Risk Not
applicable. Item
4. Controls and Procedures The
Trust maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its
reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized
and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and
communicated to the Chief Executive Officer and Chief Financial Officer of the Sponsor, and to the audit committee, as appropriate,
to allow timely decisions regarding required disclosure. Under
the supervision and with the participation of the Chief Executive Officer and the Chief Financial Officer of the Sponsor, the
Sponsor conducted an evaluation of the Trust’s disclosure controls and procedures, as defined under Exchange Act Rules 13a-15(e)
and 15d-15(e). Based on this evaluation, the Chief Executive Officer and the Chief Financial Officer of the Sponsor concluded
that, as of March 31, 2022, the Trust’s disclosure controls and procedures were effective. There
have been no changes in the Trust’s or Sponsor’s internal control over financial reporting during the quarter ended March
31, 2022 that have materially affected, or are reasonably likely to materially affect, the Trust’s or Sponsor’s internal
control over financial reporting. 14 PART
II. OTHER INFORMATION Item
1. Legal Proceedings None. Item
1A. Risk Factors Except
for the risk factor set forth below, there have been no material changes to the risk factors previously disclosed in the Trust’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Risks Related to Gold On March 7, 2022, in response to Russia’s invasion of Ukraine, LBMA suspended six Russian gold refiners. New
productions by such refiners will no longer be accepted as “Good Delivery” by the London Bullion market until further notice.
The bars these refiners previously produced will still be considered Good Delivery, consistent with past suspensions of refiners by the
LBMA. Fewer suppliers to the LBMA may lead to a lower supply of Good Delivery gold and further volatility in the price of gold. General Risks Armed conflict can result in significant disruptions to the commodities
markets and could adversely affect the price of the Shares. On
February 24, 2022, Russia commenced an invasion of Ukraine. In response to such conflict or for other reasons, governments have imposed
and may impose additional economic sanctions against Russia, certain other countries, entities and/or individuals. Economic sanctions
and other similar governmental actions could, among other things, prevent or prohibit certain entities or individuals from participating
in the bullion and commodities markets or otherwise impact the functioning of those markets. Such actions could affect the value of gold
held by the Fund. Sanctions could also result in countermeasures or retaliatory actions, which may impact the value of gold. Although
it is not possible to predict the impact that any sanctions and retaliatory actions may have on the Fund, such events could significantly
harm the value of the Fund's shares. Item
2. Unregistered Sales of Equity Securities and Use of Proceeds Item
2(a). None. Item
2(b). Not applicable. Item
2(c). For the three months ended March 31, 2022: 123
Baskets were created. 10
Baskets were redeemed. Period Total
Baskets Redeemed Total
Shares Redeemed Average
ounces of gold per Share January
2022 — — — February
2022 — — — March
2022 10 1,000,000 0.0096 10 1,000,000 0.0096 Item
3. Defaults Upon Senior Securities None. Item
4. Mine Safety Disclosures Not
applicable. Item
5. Other Information None. 15 Item
6. Exhibits 31.1 Chief Executive Officer’s Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2 Chief Financial Officer’s Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Chief Executive Officer’s Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.2 Chief Financial Officer’s Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 101 The
following financial statements from the Trust’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022,
formatted in Inline XBRL: (i) Statements of Assets and Liabilities, (ii) Statements of Operations, (iii) Statements of Changes
in Net Assets, and (iv) Notes to the Financial Statements. 101.SCH Inline
XBRL Taxonomy Extension Schema Document 101.CAL Inline
XBRL Taxonomy Extension Calculation Document 101.DEF Inline
XBRL Taxonomy Extension Definitions Document 101.LAB Inline
XBRL Taxonomy Extension Labels Document 101.PRE Inline
XBRL Taxonomy Extension Presentation Document 104 The
cover page from the Trust’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in Inline
XBRL (included as Exhibit 101). 16 abrdn
Gold ETF Trust SIGNATURES Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf

Shares at December 31, 2021 to 149,300,000 at March 31, 2022 as a result of 12,300,000 Shares (123 Baskets) being created and

1,000,000 Shares (10 Baskets) being redeemed during the quarter . The

NAV per Share increased 7.50% from $17.33 at December 31, 2021 to $18.63 at March 31, 2022. The Trust’s NAV per Share increased

slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,073,082 for

the quarter, or 0.17% of the Trust’s ANAV on an annualized basis. The

NAV per Share of $19.56 at March 8, 2022 was the highest during the quarter, compared with a low of $17.16 at January 28, 2022. The

increase in net assets from operations for the quarter ended March 31, 2022 was $185,175,115, resulting from a realized gain

of $159,172 on the transfer of gold to pay expenses, a realized gain of $3,764,141 on gold distributed for the redemption of Shares

and an increase in unrealized gain on investment in gold of $182,324,884, offset by the Sponsor’s Fee of $1,073,082. Other

than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2022. The

Quarter Ended March 31, 2021 The

Trust’s NAV decreased from $2,652,511,503 at December 31, 2020 to $2,264,837,021 at March 31, 2021, a 14.62% decrease for

the quarter. The decrease in the Trust’s NAV resulted primarily from a decrease in outstanding Shares, which dropped from

146,200,000 Shares at December 31, 2020 to 139,400,000 Shares at March 31, 2021, as a result of 3,400,000 Shares (34 Baskets)

being created and 10,200,000 Shares (102 Baskets) being redeemed, as well as a decrease in the price per ounce of gold, which

dropped 10.41% from $1,887.60 at December 31, 2020 to $1,691.05 at March 31, 2021. The

NAV per Share decreased 10.42% from $18.14 at December 31, 2020 to $16.25 at March 31, 2021. The Trust’s NAV per Share decreased

slightly more than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,050,889 for

the quarter, or 0.17% of the Trust’s ANAV on an annualized basis. The

NAV per Share of $18.68 at January 4, 2021 was the highest during the quarter, compared with a low of $16.18 at March 30, 2021. 13 The

decrease in net assets from operations for the quarter ended March 31, 2021 was $278,338,931, resulting from a realized gain of

$194,673 on the transfer of gold to pay expenses and a realized gain of $20,641,240 on gold distributed for the redemption of

Shares, offset by a change in unrealized loss on investment in gold of $298,123,955 and the Sponsor’s Fee of $1,050,889.

Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2021. Liquidity

& Capital Resources The

Trust is not aware of any trends, demands, commitments, events or uncertainties that are reasonably likely to result in material

changes to its liquidity needs. In exchange for the Sponsor’s Fee, the Sponsor has agreed to assume most of the expenses

incurred by the Trust. As a result, the only ordinary expense of the Trust during the period covered by this report was the Sponsor’s

Fee. The

Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s gold as necessary to

pay the Trust’s expenses not otherwise assumed by the Sponsor. The Trustee will not sell gold to pay the Sponsor’s

Fee but will pay the Sponsor’s Fee through in-kind transfers of gold to the Sponsor. At March 31, 2022, the Trust

did not have any cash balances. Off-Balance

Sheet Arrangements The

Trust has no off-balance sheet arrangements. Critical

Accounting Policies The

financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United

States of America. The preparation of these financial statements relies on estimates and assumptions that impact the Trust’s

financial position and results of operations. These estimates and assumptions affect the Trust’s application of accounting

policies. Refer to Note 2 to the Financial Statements for further information on accounting policies. Item

3. Quantitative and Qualitative Disclosures About Market Risk Not

applicable. Item

4. Controls and Procedures The

Trust maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its

reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized

and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and

communicated to the Chief Executive Officer and Chief Financial Officer of the Sponsor, and to the audit committee, as appropriate,

to allow timely decisions regarding required disclosure. Under

the supervision and with the participation of the Chief Executive Officer and the Chief Financial Officer of the Sponsor, the

Sponsor conducted an evaluation of the Trust’s disclosure controls and procedures, as defined under Exchange Act Rules 13a-15(e)

and 15d-15(e). Based on this evaluation, the Chief Executive Officer and the Chief Financial Officer of the Sponsor concluded

that, as of March 31, 2022, the Trust’s disclosure controls and procedures were effective. There

have been no changes in the Trust’s or Sponsor’s internal control over financial reporting during the quarter ended March

31, 2022 that have materially affected, or are reasonably likely to materially affect, the Trust’s or Sponsor’s internal

control over financial reporting. 14 PART

II. OTHER INFORMATION Item

1. Legal Proceedings None. Item

1A. Risk Factors Except

for the risk factor set forth below, there have been no material changes to the risk factors previously disclosed in the Trust’s

Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Risks Related to Gold On March 7, 2022, in response to Russia’s invasion of Ukraine, LBMA suspended six Russian gold refiners. New

productions by such refiners will no longer be accepted as “Good Delivery” by the London Bullion market until further notice.

The bars these refiners previously produced will still be considered Good Delivery, consistent with past suspensions of refiners by the

LBMA. Fewer suppliers to the LBMA may lead to a lower supply of Good Delivery gold and further volatility in the price of gold. General Risks Armed conflict can result in significant disruptions to the commodities

markets and could adversely affect the price of the Shares. On

February 24, 2022, Russia commenced an invasion of Ukraine. In response to such conflict or for other reasons, governments have imposed

and may impose additional economic sanctions against Russia, certain other countries, entities and/or individuals. Economic sanctions

and other similar governmental actions could, among other things, prevent or prohibit certain entities or individuals from participating

in the bullion and commodities markets or otherwise impact the functioning of those markets. Such actions could affect the value of gold

held by the Fund. Sanctions could also result in countermeasures or retaliatory actions, which may impact the value of gold. Although

it is not possible to predict the impact that any sanctions and retaliatory actions may have on the Fund, such events could significantly

harm the value of the Fund's shares. Item

2. Unregistered Sales of Equity Securities and Use of Proceeds Item

2(a). None. Item

2(b). Not applicable. Item

2(c). For the three months ended March 31, 2022: 123

Baskets were created. 10

Baskets were redeemed. Period Total

Baskets Redeemed Total

Shares Redeemed Average

ounces of gold per Share January

2022 — — — February

2022 — — — March

2022 10 1,000,000 0.0096 10 1,000,000 0.0096 Item

3. Defaults Upon Senior Securities None. Item

4. Mine Safety Disclosures Not

applicable. Item

5. Other Information None. 15 Item

6. Exhibits 31.1 Chief Executive Officer’s Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2 Chief Financial Officer’s Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Chief Executive Officer’s Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.2 Chief Financial Officer’s Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 101 The

following financial statements from the Trust’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022,

formatted in Inline XBRL: (i) Statements of Assets and Liabilities, (ii) Statements of Operations, (iii) Statements of Changes

in Net Assets, and (iv) Notes to the Financial Statements. 101.SCH Inline

XBRL Taxonomy Extension Schema Document 101.CAL Inline

XBRL Taxonomy Extension Calculation Document 101.DEF Inline

XBRL Taxonomy Extension Definitions Document 101.LAB Inline

XBRL Taxonomy Extension Labels Document 101.PRE Inline

XBRL Taxonomy Extension Presentation Document 104 The

cover page from the Trust’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, formatted in Inline

XBRL (included as Exhibit 101). 16 abrdn

Gold ETF Trust SIGNATURES Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf