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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
CTC
176
Central Trust Company
Missouri
$522 – – –
KPP
177
Kings Path Partners
Texas
$498 +$434 +21 New
AWM
178
Atticus Wealth Management
Florida
$475 – – –
LB
179
Legacy Bridge
Iowa
$475 – – –
NL
180
NVWM LLC
Pennsylvania
$474 – – –
VCM
181
Versant Capital Management
Arizona
$474 – – –
GIA
182
GHP Investment Advisors
Colorado
$451 – – –
NB
183
NBT Bank
New York
$427 – – –
SRCM
184
Signature Resources Capital Management
California
$403 -$228 -11 -39%
HI
185
Hoey Investments
Pennsylvania
$309 – – –
OWP
186
ORG Wealth Partners
Texas
$294 – – –
WSFS
187
Wilmington Savings Fund Society
Delaware
$285 – – –
HFM
188
Hartford Financial Management
Connecticut
$238 – – –
TCM
189
Tradewinds Capital Management
Washington
$238 +$207 +10 New
BlackRock
190
BlackRock
New York
$237 -$12.9K -625 -98%
CWP
191
Concord Wealth Partners
Virginia
$237 – – –
GPFA
192
Game Plan Financial Advisors
Ohio
$237 – – –
HI
193
Harbour Investments
Wisconsin
$237 – – –
Northwestern Mutual Wealth Management
194
Northwestern Mutual Wealth Management
Wisconsin
$237 +$145 +7 +233%
CVM
195
Cheviot Value Management
California
$230 – – –
HIMS
196
Hager Investment Management Services
New Hampshire
$142 – – –
CWA
197
Carolina Wealth Advisors
South Carolina
$119 +$103 +5 New
MSG
198
Main Street Group
Virginia
$71 – – –
Comerica Bank
199
Comerica Bank
Texas
$47 – – –
Fidelity Investments
200
Fidelity Investments
Massachusetts
$47 – – –
5 6 7
8
9

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.