Apeiron Exits, Pilgrim Cuts Stake in iShares Ethereum Trust as SEC Filings Show Q4 Pullback

Overview

• Apeiron Capital Limited reported selling all 285,400 shares of the iShares Ethereum Trust ETF (ETHA) in the fourth quarter, an estimated $8.99 million move disclosed in a Feb. 2 filing.
• Pilgrim Partners Asia said it sold 620,000 ETHA shares in Q4, an estimated $16.21 million sale based on average closing prices for the period, per its Feb. 2 SEC filing.
• Pilgrim’s quarter-end ETHA position value fell by $19.63 million, and the fund’s ETHA exposure dropped to 0.11% of its 13F-reportable assets under management.
• The filings are retrospective quarter-end disclosures that quantify activity using period averages rather than real-time trade data or detailed rationale.
• Coverage places the sales in the context of a broader crypto downturn, with ETHA priced at $17.50 on Feb. 2 and showing a 14.8% decline over the past year.