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Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]        
Opening balance (in shares) 4,987,500 3,187,500 4,262,500 2,100,000
Opening balance $ 515,283 $ 283,972 $ 354,058 $ 219,309
Net investment loss (819) (416) (1,922) (1,127)
Realized (loss) on investment in palladium 1,246 (16,573) (24,817) (40,317)
Change in unrealized (loss) on investment in palladium $ 46,906 $ 26,905 $ 165,417 $ 19,027
Creations (in shares) 1,025,000 237,500 2,725,000 1,762,500
Creations $ 111,604 $ 20,400 $ 266,594 $ 156,865
Redemptions (in shares) (475,000) (437,500) (1,450,000) (875,000)
Redemptions $ (52,103) $ (41,427) $ (137,213) $ (80,896)
Closing balance (in Shares) 5,537,500 2,987,500 5,537,500 2,987,500
Closing balance $ 622,117 $ 272,861 $ 622,117 $ 272,861