| Item 1.01 |
Entry into a Material Definitive Agreement. |
Amendment to Depositary Trust Agreement
On March 8, 2022, abrdn ETFs Sponsor LLC, the sponsor (the “Sponsor”)
of the Aberdeen Standard Gold ETF Trust (the “Trust”), entered into an Amendment (the “Trust Amendment”) to the
Depositary Trust Agreement (the “Trust Agreement”) with The Bank of New York Mellon, in its capacity as Trustee of the Trust
(the “Trustee”). The Trust Amendment reflects the following changes, effective as of March 31, 2022, as approved and directed
by the Sponsor on behalf of the Trust: (1) the changes in the name of the Trust, effective March 31, 2022, from Aberdeen Standard Gold
ETF Trust to abrdn Gold ETF Trust and the change in the name of the shares issuable by the Trust (the “Shares”), effective
March 31, 2022, from Aberdeen Standard Physical Gold Shares ETF to abrdn Physical Gold Shares ETF (the “ETF Name Changes”);
and (2) the change in the name of the Sponsor from “Aberdeen Standard Investments ETFs Sponsor LLC” to “abrdn ETFs Sponsor
LLC,” which occurred on March 1, 2022 (the “Sponsor Name Change”, and collectively with the ETF Name Changes, the “Name
Changes”).
The foregoing description of the Trust Amendment does not purport
to be complete and is qualified in its entirety by reference to the full text of the Trust Amendment, which is filed as Exhibit 4.1 to
this report and is incorporated by reference herein.
Amendment to Allocated Account Agreement
On March 11, 2022, the Trustee entered into an Amendment (the
“Allocated Account Amendment”) to the Allocated Account Agreement with JPMorgan
Chase Bank, N.A., the Trust’s Custodian (the “Custodian”), and the Sponsor (the “Allocated Account Agreement”).
The Allocated Account Amendment reflects the following changes, effective as of March 31, 2022, as approved and directed by the
Sponsor on behalf of the Trust: (1) the Name Changes; and (2) the addition of a new “Replacement of Bullion” section, which
requires that, upon a determination by the Custodian that any Bullion credited to the Allocated Account does not comply with the Rules,
the Custodian shall as soon as practical replace such Bullion with Bullion which complies with the Rules. Capitalized terms used but not
defined in the preceding sentence shall have the respective meanings ascribed thereto by the Allocated Account Agreement.
The foregoing description of the Allocated Account Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Allocated Account Amendment, which is
filed as Exhibit 10.1 to this report and is incorporated by reference herein.
Amendment to Unallocated Account Agreement
On March 11, 2022, the Trustee entered into an Amendment (the
“Unallocated Account Amendment”) to the Unallocated Account Agreement with the
Custodian and the Sponsor (the “Unallocated Account Agreement”). The Unallocated Account Amendment reflects the
Name Changes, effective as of March 31, 2022, as approved and directed by the Sponsor on behalf of the Trust.
The foregoing description of the Unallocated Account Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Unallocated Account Amendment, which
is filed as Exhibit 10.2 to this report and is incorporated by reference herein.