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) 9,500,000 10,450,000 11,350,000
Opening balance $ 1,039,953 $ 958,831 $ 1,007,501
Net investment loss (9,539) (6,060) (5,920)
Realized gain on investment in Bullion 35,892 19,719 11,008
Change in unrealized gain on investment in Bullion $ 1,039,881 $ 156,624 $ 22,446
Creations (in shares) 3,500,000 225,000 800,000
Creations $ 548,869 $ 24,293 $ 71,791
Redemptions (in shares) (500,000) (1,175,000) (1,700,000)
Redemptions $ (77,633) $ (113,454) $ (147,995)
Closing balance (in shares) 12,500,000 9,500,000 10,450,000
Closing balance $ 2,577,423 $ 1,039,953 $ 958,831