Grayscale Ethereum Staking Mini ETF Shares
294 hedge funds and large institutions have $590M invested in Grayscale Ethereum Staking Mini ETF Shares in 2025 Q3 according to their latest regulatory filings, with 123 funds opening new positions, 81 increasing their positions, 32 reducing their positions, and 26 closing their positions.
373% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 26
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
153% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 32
141% more capital invested
Capital invested by funds: $245M → $590M (+$345M)
135% more call options, than puts
Call options by funds: $195M | Put options by funds: $83M
47% more funds holding
Funds holding: 200 → 294 (+94)
0.63% more ownership
Funds ownership: 19.35% → 19.97% (+0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$75.9M |
| 2 |
Jane Street
New York
|
+$58.3M |
| 3 |
KC
Kaleidoscope Capital
Boston,
Massachusetts
|
+$26.5M |
| 4 |
KCM
Kedalion Capital Management
London,
United Kingdom
|
+$17M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$29.2M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
-$27.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$24.9M |
| 4 |
EC
Elequin Capital
New York
|
-$19.9M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$17.1M |
ETH Hedge Fund Activity: Q3 2025 in Review
294 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking Mini ETF Shares (ETH) for Q3 2025, worth a combined $590M — up 141% from $245M a quarter earlier.
Buyers outnumbered sellers: 123 funds opened new ETH positions and 26 closed out — a net gain of 97 holders — while 81 added to existing stakes and 32 trimmed.
The largest buyer was Millennium Management, adding an estimated $75.9M. The largest seller was Susquehanna International Group, cutting an estimated $29.2M.
- 294 institutional investors held Grayscale Ethereum Staking Mini ETF Shares (ETH) as of Q3 2025, up from 200 in Q2 2025.
- Funds reported $590M of Grayscale Ethereum Staking Mini ETF Shares stock for Q3 2025, up 141% quarter-over-quarter.
- 123 funds opened new Grayscale Ethereum Staking Mini ETF Shares positions in Q3 2025 and 26 closed out, a net change of +97 holders.
- The largest Grayscale Ethereum Staking Mini ETF Shares buyer in Q3 2025 was Millennium Management, an estimated $75.9M added.
- The largest Grayscale Ethereum Staking Mini ETF Shares seller in Q3 2025 was Susquehanna International Group, an estimated $29.2M sold.
Based on aggregated 13F filings for Q3 2025.