A filing with the U.S. Securities and Exchange Commission by Hong Kong-based fund company Apeiron Capital Limited revealed that it sold all of its holdings (approximately 285,400 shares) in the BlackRock Ethereum Exchange-Traded Fund (iShares Ethereum Trust ETF) (ETHA) in the fourth quarter of 2025, with an estimated transaction value of $8.99 million. This position represented 4.3% of its assets under management. ETHA's net asset value reportedly fell by more than 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 distribute dividends, making holding costs very high when prices are flat or declining. (Nasdaq)