Apeiron Capital has sold all holdings of the BlackRock Ethereum ETF, amounting to nearly $9 million.

Odaily Planet Daily reports that Hong Kong-based fund company Apeiron Capital Limited filed documents with the U.S. Securities and Exchange Commission showing that the company sold all of its holdings in the BlackRock Ethereum Exchange-Traded Fund iShares Ethereum Trust ETF (ETHA) in Q4 2025 (approximately 285,400 shares), with an estimated transaction value of $8.99 million. This position accounted for 4.3% of its managed assets. It is reported that ETHA’s net asset value declined by over 11% in 2025 due to increased market volatility and decreased risk appetite. Analysts pointed out that the ETF charges a 0.25% management fee and does not pay dividends, so when prices are flat or declining, holding costs can become very high. (Nasdaq)