Pilgrim Partners Asia disclosed in a February 2 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. What happened According to its SEC filing dated February 2, Pilgrim Partners Asia Pte Ltd reduced its position in the iShares Ethereum Trust ETF (NASDAQ:ETHA), selling 620,000 shares during the fourth quarter. The estimated value of shares sold was $16.21 million, calculated using the average closing p ...

Core Insights - The SEC is approving new crypto asset ETFs in the U.S. despite expectations that a government shutdown would halt such developments [1] Group 1: Regulatory Developments - The approval of new digital asset ETFs by the SEC indicates a continued regulatory support for the cryptocurrency market [1] Group 2: Market Implications - The approval of these ETFs could signal a potential increase in institutional investment in cryptocurrencies, enhancing market liquidity and investor confidence [1]