ETF Commodity Type: Platinum
ETFs, or exchange traded funds, are investment products that track an underlying asset. ETFs can be used to invest in a wide variety of assets, including stocks, bonds, and commodities. One type of commodity ETF is a platinum ETF. Platinum ETFs allow investors to gain exposure to the platinum market without having to take physical delivery of the metal. Platinum ETFs are typically backed by physical bullion held in vaults, and the fund's share price will fluctuate based on the changing spot price of platinum. Some ETFs also invest in platinum-related securities, such as mining companies or producers of platinum-based products. Investors should carefully consider the objectives, risks, and expenses of any ETF before investing.