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Statements of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]      
Opening balance (in shares) 1,800,000 1,950,000 1,625,000
Opening balance $ 295,491 $ 357,971 $ 356,238
Net investment loss (1,464) (2,227) (2,447)
Realized (loss) / gain on investment in palladium (11,325) 4,044 38,060
Change in unrealized (loss) on investment in palladium $ (98,593) $ (62,298) $ (108,531)
Creations (in shares) 575,000 625,000 900,000
Creations $ 73,610 $ 145,623 $ 205,730
Redemptions (in shares) (275,000) (775,000) (575,000)
Redemptions $ (38,410) $ (147,622) $ (131,079)
Closing balance (in Shares) 2,100,000 1,800,000 1,950,000
Closing balance $ 219,309 $ 295,491 $ 357,971