Form 424B3 - Prospectus [Rule 424(b)(3)]
15 August 2024 - 6:12AM
Edgar (US Regulatory)
Filed pursuant to Rule 424(b)(3)
Registration Statement No. 333-272037
abrdn Palladium ETF Trust
(the “Trust”)
Supplement dated August 14, 2024 to the Prospectus
dated September 27, 2023
This Supplement dated August 14, 2024 amends
and supplements the prospectus for the Trust dated September 27, 2023, as supplemented to date (the “Prospectus”), and should
be read in conjunction with, and must be delivered with, the Prospectus.
Termination of JPMorgan Chase Bank N.A. as
Custodian
Effective August 8, 2024, JPMorgan Chase Bank
N.A. (“JPMorgan” or the “Former Custodian”) no longer serves as a custodian of the Trust’s palladium.
Pursuant to the notice of termination of the allocated
and unallocated account agreements with the Former Custodian (the “Former Custody Agreements”) delivered to the Former Custodian,
the termination became effective on August 8, 2024, which was the date on which all palladium held in the allocated and unallocated accounts
governed by the Former Custody Agreements had transferred to the allocated and unallocated accounts governed by the allocated and unallocated
account agreements with ICBC Standard Bank Plc (the “New Custodian”). Accordingly, custody of all of the Trust’s palladium
is now pursuant to the allocated and unallocated account agreements with the New Custodian.
References throughout the Prospectus to the Custodian
(and related accounts or agreements with the Custodian) and its role are hereby amended to refer only to the New Custodian. Effective
immediately, information with respect to the Former Custodian is hereby removed from the Prospectus.
*****
The Prospectus remains unchanged in all other
respects. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Prospectus.
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