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Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2025 and 2024 are set out below: (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
oz
Sep. 30, 2024
USD ($)
oz
Sep. 30, 2025
USD ($)
oz
Sep. 30, 2024
USD ($)
oz
Accounting Policies [Abstract]        
Opening balance | oz 454,608.6 292,303.9 389,706.3 193,152.2
Creations | oz 93,298.9 19,468.1 248,300.9 159,426.9
Redemptions | oz (43,252.9) (40,062.1) (132,252.7) (80,197.9)
Transfers of palladium to pay expenses | oz (682.7) (449.9) (1,782.6) (1,121.2)
Closing balance | oz 503,971.9 271,260.0 503,971.9 271,260.0
Opening balance $ 515,526 $ 284,119 $ 354,243 $ 219,421
Creations 111,604 18,116 266,594 154,581
Redemptions (52,103) (41,427) (137,213) (80,896)
Realized (loss) on palladium distributed for the redemption of Shares 1,274 (16,344) (24,473) (39,647)
Transfers of palladium to pay expenses (774) (423) (1,819) (1,099)
Realized (loss) on palladium transferred to pay expenses (28) (229) (344) (670)
Change in unrealized gain on investment in palladium 46,906 26,905 165,417 19,027
Closing balance $ 622,405 $ 270,717 $ 622,405 $ 270,717