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Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]    
Opening balance (in shares) 2,100,000 1,800,000
Opening balance $ 219,309 $ 295,491
Net investment loss (315) (419)
Realized (loss) on investment in palladium (11,947) (6,606)
Change in unrealized (loss) on investment in palladium $ (8,862) $ (41,035)
Creations (in shares) 475,000 375,000
Creations $ 41,486 $ 52,731
Redemptions (in shares) (175,000) (175,000)
Redemptions $ (15,623) $ (24,964)
Closing balance (in Shares) 2,400,000 2,000,000
Closing balance $ 224,048 $ 275,198