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ETHA

iShares Ethereum Trust ETF
ETHA

506 hedge funds and large institutions have $6.5B invested in iShares Ethereum Trust ETF in 2025 Q3 according to their latest regulatory filings, with 301 funds opening new positions, 134 increasing their positions, 42 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

903% more first-time investments, than exits

New positions opened: 301 | Existing positions closed: 30

338% more capital invested

Capital invested by funds: $1.48B → $6.5B (+$5.01B)

233% more funds holding in top 10

Funds holding in top 10: 9 → 30 (+21)

219% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 42

167.9% more ownership

Funds ownership: 101.19% → 269.09% (+168%)

114% more funds holding

Funds holding: 237 → 506 (+269)

8% more call options, than puts

Call options by funds: $1.79B | Put options by funds: $1.65B

Holders
506
Holders Change
+269
Holders Change %
+113.5%
% of All Funds
6.64%
Holding in Top 10
30
Holding in Top 10 Change
+21
Holding in Top 10 Change %
+233.33%
% of All Funds
0.39%
New
301
Increased
134
Reduced
42
Closed
30
Calls
$1.79B
Puts
$1.65B
Net Calls
+$133M
Net Calls Change
+$10.9M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$834M
2
Goldman Sachs
Goldman Sachs
New York
+$515M
3
Jane Street
Jane Street
New York
+$443M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$260M
5
FCM
Farallon Capital Management
California
+$221M

Top Sellers

Rank Fund Capital Flow
1
BCM
BlueCrest Capital Management
Jersey
-$42.3M
2
Citadel Advisors
Citadel Advisors
Florida
-$28.5M
3
LSC
Logan Stone Capital
Illinois
-$23.2M
4
EC
Elequin Capital
New York
-$20.7M
5
WAM
Wolverine Asset Management
Illinois
-$8.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
RPWA
351
Regent Peak Wealth Advisors
Georgia
$257K +$242K +8,141 New
SAM
352
Synergy Asset Management
Washington
$252K +$238K +8,012 New
RA
353
Resolute Advisors
California
$252K +$237K +8,000 New
AWM
354
AE Wealth Management
Kansas
$251K +$236K +7,966 New
CAM
355
Chesapeake Asset Management
New York
$248K +$233K +7,855 New
SWP
356
Strategic Wealth Partners
Ohio
$245K +$230K +7,767 New
QFPS
357
Quantum Financial Planning Services
Washington
$244K +$230K +7,750 New
Bank Julius Baer & Co
358
Bank Julius Baer & Co
Switzerland
$244K +$230K +7,750 New
LTI
359
Laffer Tengler Investments
Tennessee
$244K +$230K +7,748 New
GAM
360
Griffin Asset Management
New York
$244K +$230K +7,737 New
SWP
361
Stratos Wealth Partners
Ohio
$244K +$229K +7,729 New
BCM
362
Bienville Capital Management
New York
$243K +$229K +7,727 New
YWS
363
Yarger Wealth Strategies
Ohio
$242K +$228K +7,676 New
AWM
364
Able Wealth Management
New Jersey
$238K +$224K +7,561 New
SVWAG
365
Sound View Wealth Advisors Group
Georgia
$237K +$224K +7,535 New
GAG
366
GM Advisory Group
New York
$235K +$221K +7,462 New
PI
367
PFG Investments
New York
$234K +$220K +7,424 New
VWM
368
Vivid Wealth Management
Iowa
$234K +$220K +7,420 New
SFA
369
Sequoia Financial Advisors
Ohio
$230K +$217K +7,309 New
RFS
370
Retirement Financial Solutions
Tennessee
$227K +$214K +7,198 New
Brown Advisory
371
Brown Advisory
Maryland
$225K +$212K +7,146 New
PFS
372
Prospect Financial Services
New York
$225K +$212K +7,140 New
WSFS
373
Wilmington Savings Fund Society
Delaware
$224K +$211K +7,109 New
Mercer Global Advisors
374
Mercer Global Advisors
Colorado
$223K +$279K +9,409 New
BWM
375
Bulltick Wealth Management
Florida
$223K +$210K +7,068 New
13 14
15
16 17

ETHA Hedge Fund Activity: Q3 2025 in Review

506 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares Ethereum Trust ETF (ETHA) for Q3 2025, worth a combined $6.5B — up 338% from $1.48B a quarter earlier.

Buyers outnumbered sellers: 301 funds opened new ETHA positions and 30 closed out — a net gain of 271 holders — while 134 added to existing stakes and 42 trimmed.

The largest buyer was Millennium Management, adding an estimated $834M. The largest seller was BlueCrest Capital Management, cutting an estimated $42.3M.

  • 506 institutional investors held iShares Ethereum Trust ETF (ETHA) as of Q3 2025, up from 237 in Q2 2025.
  • Funds reported $6.5B of iShares Ethereum Trust ETF stock for Q3 2025, up 338% quarter-over-quarter.
  • 301 funds opened new iShares Ethereum Trust ETF positions in Q3 2025 and 30 closed out, a net change of +271 holders.
  • The largest iShares Ethereum Trust ETF buyer in Q3 2025 was Millennium Management, an estimated $834M added.
  • The largest iShares Ethereum Trust ETF seller in Q3 2025 was BlueCrest Capital Management, an estimated $42.3M sold.

Based on aggregated 13F filings for Q3 2025.