Pilgrim Partners Asia Offloads $16M Worth of BlackRock Ethereum ETF

Pilgrim Partners Asia Adjusts Portfolio, Sells Ethereum ETF

According to recent filings submitted to the U.S. Securities and Exchange Commission (SEC), asset management firm Pilgrim Partners Asia sold 620,000 shares of the BlackRock iShares Ethereum Trust ETF last quarter, worth $16.21 million.

Current Holdings Overview

Although the Ethereum ETF has been fully divested, the firm still holds $25.49 million in BlackRock Bitcoin ETF and $10.64 million in Strategy shares.

• Ethereum ETF Sold: 620,000 shares, $16.21M
• Bitcoin ETF Holdings: $25.49M
• Strategy Shares: $10.64M

This move reflects a shift in Pilgrim Partners' short-term strategy towards crypto assets, sparking discussions around the future of ETF markets.