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Pilgrim Partners Asia Sells $16.21M in Ethereum ETF Shares

The Singapore-based investment firm trimmed its Ethereum ETF position but maintains substantial stakes in Bitcoin ETFs and other crypto-linked strategies, according to SEC filings.

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Summary

On Feb. 4, Pilgrim Partners Asia reported to the U.S. Securities and Exchange Commission that it sold 620,000 shares of BlackRock’s iShares Ethereum Trust ETF in the prior quarter, valued at $16.21 million. The Singapore-based firm continues to hold $25.49 million in BlackRock’s Bitcoin ETF and $10.64 million in Strategy shares, reflecting a diversified approach to cryptocurrency-linked investments despite reducing its Ethereum exposure.

Terms & Concepts
  • Ethereum ETF: An exchange-traded fund that tracks the price of Ethereum, allowing investors exposure without directly holding the cryptocurrency.
  • Bitcoin ETF: An exchange-traded fund providing investors indirect exposure to Bitcoin’s price movements through tradable shares.
  • SEC filing: A formal submission to the U.S. Securities and Exchange Commission containing financial disclosures or investment positions.