Fund Trims Ether ETF Stake by $16M as Crypto Prices Slide

Pilgrim Partners Asia reduces position in iShares Ethereum Trust ETF amid broader market volatility

Feb. 3, 2026 at 10:07am

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Pilgrim Partners Asia Pte Ltd disclosed in a recent SEC filing that it sold 620,000 shares of the iShares Ethereum Trust ETF (NASDAQ:ETHA), an estimated $16.21 million trade based on quarterly average pricing. The move reflects a broader pullback in the fund's Ethereum exposure as the world's second-largest cryptocurrency continues to face significant losses.

Why it matters

The iShares Ethereum Trust ETF is a key vehicle for institutional and retail investors to gain regulated exposure to ether, the native token of the Ethereum blockchain. Pilgrim Partners Asia's decision to trim its position in the ETF highlights the ongoing volatility in the crypto markets and the need for disciplined portfolio management when investing in speculative digital assets.

The details

According to Pilgrim Partners Asia's SEC filing, the firm reduced its ETHA position by 620,000 shares during the fourth quarter. The estimated value of the shares sold was $16.21 million, calculated using the average closing price for the period. The quarter-end value of the ETHA position also dropped by $19.63 million, reflecting both the share sales and price changes.

  • Pilgrim Partners Asia filed the disclosure on February 2, 2026.
  • The firm sold the 620,000 ETHA shares during the fourth quarter of 2025.

The players

Pilgrim Partners Asia Pte Ltd

An investment management firm that reduced its position in the iShares Ethereum Trust ETF.

iShares Ethereum Trust ETF (NASDAQ:ETHA)

An exchange-traded fund that provides investors with exposure to the price performance of ether, the native token of the Ethereum blockchain.

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The takeaway

Pilgrim Partners Asia's decision to trim its Ethereum ETF position highlights the ongoing volatility in the crypto markets and the need for investors to carefully manage their exposure to speculative digital assets, even as they seek to participate in the growth of the Ethereum ecosystem.