Grayscale Ethereum Staking Mini ETF Shares
203 hedge funds and large institutions have $246M invested in Grayscale Ethereum Staking Mini ETF Shares in 2025 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 44 increasing their positions, 42 reducing their positions, and 21 closing their positions.
899% more capital inflows, than outflows
Capital inflows: $120M | Capital outflows: $12M
207% more call options, than puts
Call options by funds: $14.3M | Put options by funds: $4.65M
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% more funds holding
Funds holding: 188 → 203 (+15)
3.95% more ownership
Funds ownership: 10.69% → 14.64% (+4%)
5% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$26.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$25.6M |
| 3 |
HBK Investments
Dallas,
Texas
|
+$22.1M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$17.3M |
| 5 |
Logan Stone Capital
Chicago,
Illinois
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fielder Capital Group
Nashville,
Tennessee
|
-$4.17M |
| 2 |
DRW Securities
Chicago,
Illinois
|
-$3.17M |
| 3 |
Simplicity Wealth
Summit,
New Jersey
|
-$1.51M |
| 4 |
Renaissance Technologies
New York
|
-$661K |
| 5 |
Pasadena Private Wealth
Pasadena,
California
|
-$459K |
ETH Hedge Fund Activity: Q2 2025 in Review
203 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking Mini ETF Shares (ETH) for Q2 2025, worth a combined $246M — up 176% from $89.1M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new ETH positions and 21 closed out — a net gain of 18 holders — while 44 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.
- 203 institutional investors held Grayscale Ethereum Staking Mini ETF Shares (ETH) as of Q2 2025, up from 188 in Q1 2025.
- Funds reported $246M of Grayscale Ethereum Staking Mini ETF Shares stock for Q2 2025, up 176% 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.