Peter Thiel's Founders Fund has trimmed its holdings in ETHZilla, a NASDAQ-listed company focused on Ethereum (ETH) investments. SEC filings reveal that Founders Fund now possesses 5.6% of ETHZilla's shares, a reduction from the 7.5% stake reported earlier in August. This move raises questions about the fund's evolving perspective on ETHZilla's strategy and the broader Ethereum market. While the specific reasons behind the sale remain undisclosed, it could reflect a portfolio rebalancing or a shift in investment priorities within Founders Fund. Investors are closely watching to see if this reduction signals a broader trend among institutional investors in the crypto space, or simply a strategic adjustment by Thiel's firm. The Ethereum market continues to be closely monitored as a gauge for wider cryptocurrency acceptance. ```