abrdn Precious Metals Basket ETF Trust (GLTR)
Filed: 19 Oct 10, 12:00am
ETF SECURITIES USA LLC
c/o ETF Securities Representative Office
2 London Wall Buildings, 6th Floor
London, EC2M 5UU, UK
| October 19, 2010 |
VIA EDGAR
Securities and Exchange Commission |
Re: | Request for Acceleration of Effectiveness of Registration Statement on Form S-1/A, Pre-Effective Amendment No. 2 (File No. 333-164769) |
Dear Ladies and Gentlemen:
Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, ETFS Precious Metals Basket Trust (the “Trust”) hereby requests that the effective date of the above-captioned Registration Statement be accelerated so that the Registration Statement may become effective at 10:00 a.m. (EDT) on October 20, 2010, or as soon thereafter as practicable.
In requesting such acceleration, the Trust acknowledges that (i) should the Commission or the staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement, (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Trust from its full responsibility for the adequacy or accuracy of the disclosure in the Registration Statement, and (iii) the Trust may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Very truly yours,
/s/ Graham Tuckwell
Graham Tuckwell
President & Chief Executive Officer
ETF Securities USA LLC
cc (w/enclosures): | Ms. Tracey McNeil |