Apeiron Capital fully exited BlackRock’s Ethereum ETF in Q4 2025 as a broader crypto market downturn weighed on Ethereum-linked products and prompted institutions to reassess exposure.
Apeiron Capital sold all 285,400 shares of BlackRock’s iShares Ethereum Trust ETF (ETHA) in Q4 2025 for about $8.99 million, reducing its exposure from 4.3% of assets under management to zero. The exit occurred amid a wider crypto market selloff, with ETHA declining more than 30% over the past year, reflecting sustained pressure on Ethereum-focused investment products.