v3.25.4
Statements of Changes in Net Assets - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Opening balance (in shares) 4,262,500 2,100,000 1,800,000
Opening balance $ 354,058 $ 219,309 $ 295,491
Net investment loss (3,203) (1,738) (1,464)
Realized (loss) on investment in palladium (14,602) (66,556) (11,325)
Change in unrealized gain (loss) on investment in palladium $ 339,754 $ 648 $ (98,593)
Creations (in shares) 4,925,000 4,037,500 575,000
Creations $ 557,679 $ 372,697 $ 73,610
Redemptions (in shares) (1,912,500) (1,875,000) (275,000)
Redemptions $ (198,224) $ (170,302) $ (38,410)
Closing balance (in Shares) 7,275,000 4,262,500 2,100,000
Closing balance $ 1,035,462 $ 354,058 $ 219,309