Palladium ETF Rides the Metal's Record Rally to Outshine Its Peers

The Aberdeen Standard physical Palladium shares ETF, trading under the ticker PAL, offers exposure to palladium, a metal used in various industries. Palladium's price has surged due to high demand, especially from car manufacturers, making it more expensive than gold at times. PAL ETF provides the spot price minus holding costs, with assets held in London and Zurich. It is not currency hedged, has $180 million in assets, and costs 60 basis points. The fund is noted for its alternative tax treatment but receives a green light from Bloomberg Intelligence.

Why has palladium become the most expensive of the four precious metals?

What is the approximate amount of assets held by the palladium ETF?