One Fund Discloses $9 Million Ethereum ETF Exit as Crypto Market Downturn Worsens

1 hour ago 3

Jonathan Ponciano, The Motley Fool

Tue, February 3, 2026 astatine 6:40 AM CST 4 min read

On February 2, Hong Kong-based Apeiron Capital Limited disclosed successful a U.S. Securities and Exchange Commission filing that it sold its full presumption successful the iShares Ethereum Trust ETF (NASDAQ:ETHA) successful an estimated $8.99 cardinal commercialized during the 4th quarter.

According to a recent SEC filing, Apeiron Capital Ltd sold each 285,400 shares of the iShares Ethereum Trust ETF (NASDAQ:ETHA) during the 4th fourth of 2025. The fund’s ETHA involvement present stands astatine zero. The nett presumption alteration for the quarter, including terms effects, totaled $8.99 million.

Top holdings aft the filing:

NYSE:ONON: $36.99 cardinal (42.8% of AUM)
NASDAQ:SMMT: $22.90 cardinal (26.5% of AUM)
NASDAQ:QFIN: $19.80 cardinal (22.9% of AUM)
NYSEMKT:KWEB: $4.26 cardinal (4.9% of AUM)
NYSE:VRT: $2.53 cardinal (2.9% of AUM)

As of January 30, ETHA shares were priced astatine $20.17, down 17.7% implicit the past twelvemonth and underperforming the S&P 500 by 32.0 percent points. One-year losses person since topped 30% amid a broader crypto marketplace rout.

Metric

Value

AUM	$10.3 billion
Price (as of 1/30/26)	$20.17

ETHA’s concern strategy focuses connected providing vulnerability to the terms show of ether (ETH), allowing investors to enactment successful the integer plus marketplace without nonstop ownership oregon absorption of cryptocurrencies.
The ETF is designed to intimately way the worth of ether portion minimizing operational complexities for investors.
The money operation is intended for organization and retail investors seeking regulated, exchange-traded entree to ether, with the disbursal ratio and operational costs disclosed successful authoritative filings.

The iShares Ethereum Trust ETF offers investors a regulated conveyance for gaining vulnerability to ether, the autochthonal token of the Ethereum blockchain, without the request to negociate integer wallets oregon interact with crypto exchanges directly. The fund's important assets nether absorption bespeak organization involvement successful integer plus concern strategies. By streamlining entree to ether done a accepted ETF structure, the money lowers operational barriers and enhances transparency for a wide capitalist base.

The terms of ether has been heavy volatile since its motorboat successful 2017. Prices astir tripled betwixt April and September of past year, but they've since collapsed astir 50%, including a brutal sell-off successful the past week amid broader marketplace volatility. Nevertheless, selling retired of an Ethereum ETF is not a referendum connected blockchain’s future. It’s much of a determination astir wherever superior works hardest close now.

To beryllium fair, ETHA offers clean, regulated vulnerability to ether, but it is inactive a single-asset conveyance tied astir wholly to terms direction, and implicit the past year, that has been achy (as you would expect with ether prices down). ETHA’s NAV fell much than 11% successful 2025, and caller losses person pushed one-year declines past 30% arsenic volatility surged and hazard appetite cooled. The ETF charges a 0.25% sponsor fee, holds nary income-generating assets, and offers nary distributions, making patience costly erstwhile prices determination sideways oregon down.

Meanwhile, Apeiron’s remaining portfolio is tightly concentrated successful operating businesses similar On Holding, Summit Therapeutics, and QFIN, wherever returns hinge connected execution alternatively than sentiment. Ultimately, clearing retired a crypto presumption frees superior for names wherever fundamentals, not flows, thrust outcomes, and having a focused portfolio mightiness assistance arsenic well.