Form 40-17G GraniteShares ETF Trust

 

August 13, 2025

 

Securities and Exchange Commission

100 F Street N.E.

Washington, DC 20549

 

Re:	GraniteShares ETF Trust (the “Trust”) (File No. 811-23214)
	Investment Company Act of 1940—Rule 17g-1(g)
	Bonding of Officers and Employees

 

To whom it may concern:

 

Pursuant to Rule 17g-1(g) under the Investment Company Act of 1940, as amended (the “1940 Act”), filed herewith, on behalf of the Trust, is the insured fidelity bond (the “Police Extension”) insuring the Trust on Form 40-17G.

 

Please find the following information with respect to the Trust and the Bond:

 

1. A copy of the Police Extension, which lists the Trust as the insured party;

 

2. A copy of the resolutions approving the Policy Extension, which were adopted by the Board of Trustees of the Trust, including a majority of the members thereof who are not “interested persons” (as defined by the 1940 Act) of the Trust;

 

3. The premium payable with respect to the Policy Extension has been paid for the coverage period from August 18, 2025 to November 18, 2025, and, based on the amount of gross assets of the Trust as of the end of the most recent fiscal quarter prior to date of determination, the Policy Extension is written for a $1,250,000 limit of liability;

 

4. A copy of the agreement between the Trust and all of the other named insureds relating to the Policy Extension entered into pursuant to paragraph (f) of Rule 17g-1 under the 1940 Act.

 

Please call me at (646) 876-5096 if you have any questions.

 

Sincerely,

 

/s/ William Rhind
William Rhind
President

 

Enclosures

 

 

GRANITESHARES ETF TRUST

Meeting of the Board of Trustees

August 08, 2025

 

APPROVAL OF THE RENEWAL OF THE FIDELITY BOND

 

WHEREAS:	Rule 17g-1 under the Investment Company Act of 1940, as amended (the “1940 Act”) requires each registered management investment company to provide and maintain a fidelity bond, in the form of an investment company blanket bond, joint bond or individual bonds with respect to each “covered person,” against larceny and embezzlement, covering each officer and employee of the investment company (a “Fidelity Bond”); and
WHEREAS:	In connection with the consideration of the proposed renewal of a Fidelity Bond for GraniteShares ETF Trust (the “Trust”), the Board of Trustees of the Trust (the “Board,” with the members of the Board referred to individually as the “Trustees”), including the Trustees who are not “interested person[s],” as defined in Section 2(a)(19) of the 1940 Act, of the Trust (collectively, the “Independent Trustees”), has duly considered all relevant factors, including, but not limited to, the value of the current aggregate assets of the Trust; the type and terms of the arrangements made for the custody and safekeeping of such assets; the nature of the securities in the portfolios of the Trust’s series; the amount of coverage and terms of the Fidelity Bond and the premium to be paid by the Trust, as discussed at this meeting;
NOW, THEREFORE, BE IT
RESOLVED:	That the Board, including a majority of the Independent Trustees, hereby approves the Fidelity Bond, as discussed at this meeting; and it is further
RESOLVED:	That the Secretary of the Trust be, and hereby is, designated as the officer of the Trust who is authorized and directed to make such filings and give such notice relating to the Trust’s Fidelity Bond coverage as may be required by law; and it is further
RESOLVED:	That the officers of the Trust be, and each of them hereby is, authorized to increase the amount of the Fidelity Bond from time to time to ensure adequate coverage based upon all relevant factors, including the value of the Trust’s assets, to enable the Trust to remain in compliance with the 1940 Act, including Rule 17g-1(d) thereunder; and it is further
RESOLVED:	That the appropriate officers of the Trust be, and they hereby are, authorized and directed to take all steps necessary and appropriate to carry out the intent and accomplish the purpose of the foregoing resolutions.
Approval of Renewal of Directors’ and Officers’/Errors and Omissions Insurance Policies
RESOLVED:	That, having considered the form, terms and amount of coverage of the joint directors and officers/errors and omission insurance policy presented to this meeting (the “Policy”), GraniteShares ETF Trust (the “Trust”), its trustees and officers, be named as insureds under such Policy issued through a qualified issuer with a limit of $3 million covering the Trust for the period beginning August 18, 2025, and ending November 18, 2025, its trustees and officers, generally against liabilities and expenses, with exceptions, arising out of claims, actions, or proceedings asserted or threatened against them in their respective capacities; and it is further
RESOLVED:	That the proper officers of the Trust be, and they hereby are, authorized to execute, with the advice of legal counsel to the Trust, such Directors and Officers/Errors and Omissions Insurance Policy issued through a qualified issuer on behalf of the Trust, provided that the allocation of premium among the investment portfolios of the Trust be based on relative net assets of each investment portfolio.

 

 

 

 

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