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ETH

Grayscale Ethereum Staking Mini ETF Shares
ETH

200 hedge funds and large institutions have $245M invested in Grayscale Ethereum Staking Mini ETF Shares in 2025 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 43 increasing their positions, 42 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

207% more call options, than puts

Call options by funds: $14.3M | Put options by funds: $4.65M

177% more capital invested

Capital invested by funds: $88.6M → $245M (+$157M)

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

86% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 21

8.72% more ownership

Funds ownership: 10.62% → 19.35% (+8.7%)

8% more funds holding

Funds holding: 185 → 200 (+15)

2% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 42

Holders
200
Holders Change
+15
Holders Change %
+8.11%
% of All Funds
2.63%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
39
Increased
43
Reduced
42
Closed
21
Calls
$14.3M
Puts
$4.65M
Net Calls
+$9.63M
Net Calls Change
+$9.21M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$26.1M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$25.6M
3
HI
HBK Investments
Texas
+$22.1M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$17.3M
5
LSC
Logan Stone Capital
Illinois
+$10.5M

Top Sellers

Rank Fund Capital Flow
1
FCG
Fielder Capital Group
Tennessee
-$4.17M
2
DS
DRW Securities
Illinois
-$3.17M
3
SW
Simplicity Wealth
New Jersey
-$1.51M
4
Renaissance Technologies
Renaissance Technologies
New York
-$661K
5
PPW
Pasadena Private Wealth
California
-$459K
Name Holding Trade Value Shares
Change 		Change in
Stake
Simplex Trading
26
Simplex Trading
Illinois
$918K +$801K +38,733 New
Wealth Enhancement Advisory Services
27
Wealth Enhancement Advisory Services
Minnesota
$876K +$144K +6,948 +24%
LPL Financial
28
LPL Financial
California
$862K -$26.1K -1,260 -3%
PFS
29
Prospera Financial Services
Texas
$836K +$729K +35,226 New
BCM
30
Brookstone Capital Management
Illinois
$808K +$84.3K +4,074 +14%
Wealthfront Advisers
31
Wealthfront Advisers
California
$803K -$65K -3,144 -8%
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$790K -$185K -8,955 -21%
RBC
33
Rye Brook Capital
Connecticut
$784K -$15.7K -760 -2%
EW
34
Evoke Wealth
California
$777K +$226K +10,912 +50%
ASN
35
Advisory Services Network
Georgia
$752K +$442K +21,374 New
RW
36
Rede Wealth
Virginia
$741K -$22.6K -1,091 -3%
FFP
37
Freedom Financial Partners
Minnesota
$728K -$807 -39 -0.1%
Group One Trading
38
Group One Trading
Illinois
$718K +$626K +30,260 New
WSA
39
Warm Springs Advisors
California
$712K – – –
HC
40
Hamilton Capital
Ohio
$686K – – –
IIM
41
Illumine Investment Management
Washington
$608K +$13.9K +674 +3%
Kovitz Investment Group Partners
42
Kovitz Investment Group Partners
Illinois
$599K +$64.9K +3,137 +14%
JEST
43
JTC Employer Solutions Trustee
Jersey
$593K – – –
VHAM
44
Van Hulzen Asset Management
California
$570K +$38.6K +1,865 +8%
SM
45
Scoggin Management
New York
$546K – – –
AF
46
Advisornet Financial
Minnesota
$528K +$39.2K +1,894 +9%
GVAG
47
Great Valley Advisor Group
Delaware
$512K -$9.91K -479 -2%
WIP
48
WealthCare Investment Partners
Rhode Island
$509K +$44.9K +2,171 +12%
QFMHK
49
Q Fund Management (Hong Kong)
$498K – – –
BRWA
50
B. Riley Wealth Advisors
Florida
$485K +$423K +20,457 New
1
2
3 4 5

ETH Hedge Fund Activity: Q2 2025 in Review

200 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking Mini ETF Shares (ETH) for Q2 2025, worth a combined $245M — up 177% from $88.6M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new ETH positions and 21 closed out — a net gain of 18 holders — while 43 added to existing stakes and 42 trimmed.

The largest buyer was Millennium Management, adding an estimated $26.1M. The largest seller was Fielder Capital Group, cutting an estimated $4.17M.

  • 200 institutional investors held Grayscale Ethereum Staking Mini ETF Shares (ETH) as of Q2 2025, up from 185 in Q1 2025.
  • Funds reported $245M of Grayscale Ethereum Staking Mini ETF Shares stock for Q2 2025, up 177% quarter-over-quarter.
  • 39 funds opened new Grayscale Ethereum Staking Mini ETF Shares positions in Q2 2025 and 21 closed out, a net change of +18 holders.
  • The largest Grayscale Ethereum Staking Mini ETF Shares buyer in Q2 2025 was Millennium Management, an estimated $26.1M added.
  • The largest Grayscale Ethereum Staking Mini ETF Shares seller in Q2 2025 was Fielder Capital Group, an estimated $4.17M sold.

Based on aggregated 13F filings for Q2 2025.