Fund Slashes Ether ETF Position by $16 Million as World's Second-Largest Cryptocurrency Piles On Losses

15 hours ago 3

Jonathan Ponciano, The Motley Fool

Tue, February 3, 2026 astatine 9:36 AM CST 4 min read

Pilgrim Partners Asia disclosed successful a February 2 SEC filing that it sold 620,000 shares of the iShares Ethereum Trust ETF (NASDAQ:ETHA), an estimated $16.21 cardinal commercialized based connected quarterly mean pricing.

According to its SEC filing dated February 2, Pilgrim Partners Asia Pte Ltd reduced its presumption successful the iShares Ethereum Trust ETF (NASDAQ:ETHA), selling 620,000 shares during the 4th quarter. The estimated worth of shares sold was $16.21 million, calculated utilizing the mean closing terms for the period. Meanwhile, the quarter-end worth of the ETHA presumption dropped by $19.63 million, reflecting some stock income and terms changes.

Pilgrim Partners Asia Pte Ltd’s ETHA involvement decreased to 0.11% of 13F reportable AUM aft the sale.

Top holdings aft the filing:

NASDAQ: QQQ: $40.67 cardinal (19.6% of AUM)
NASDAQ: IBIT: $25.49 cardinal (12.3% of AUM)
NYSEMKT: SPY: $25.40 cardinal (12.2% of AUM)
NYSEMKT: VOO: $18.72 cardinal (9.0% of AUM)
NASDAQ: MSTR: $10.64 cardinal (5.1% of AUM)

As of February 2, ETHA shares were priced astatine $17.50, down 14.8% implicit the past twelvemonth and vastly underperforming the S&P 500’s astir 15% summation successful the aforesaid period.

Metric

Value

AUM	$10.3 billion
Price (as of February 2)	$17.50
One-year terms change	(14.76%)
Exchange	NASDAQ

Investment strategy: The ETF seeks to supply investors with vulnerability to the terms show of ether (ETH) by holding ether directly, aiming to way the worth of the underlying integer plus without requiring nonstop ownership oregon absorption of cryptocurrency by investors.
Underlying holdings: The fund's portfolio consists chiefly of ether, offering a single-asset operation designed to intimately reflector the spot terms of ETH, with minimal diversification beyond the underlying integer asset.
Expense ratio and structure: The ETF operates arsenic a grantor trust, with an disbursal operation emblematic of integer plus funds; elaborate disbursal ratio accusation is not provided successful the disposable data.

The iShares Ethereum Trust ETF offers organization and retail investors a regulated conveyance for gaining vulnerability to ether, the autochthonal token of the Ethereum blockchain, without the operational complexities of nonstop crypto custody oregon trading. The fund's standard positions it arsenic a important subordinate successful the integer plus ETF segment, providing liquidity and accessibility for investors seeking to enactment successful the ether marketplace done accepted brokerage accounts. Its operation eliminates the request for nonstop enactment with integer plus platforms, appealing to those prioritizing operational simplicity and regulatory oversight.