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ETHA

iShares Ethereum Trust ETF
ETHA

194 hedge funds and large institutions have $502M invested in iShares Ethereum Trust ETF in 2025 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 70 increasing their positions, 35 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 35

50% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 40

10% more funds holding

Funds holding: 177 → 194 (+17)

7.47% less ownership

Funds ownership: 30.37% → 22.91% (-7.5%)

54% less capital invested

Capital invested by funds: $1.09B → $502M (-$586M)

88% less funds holding in top 10

Funds holding in top 10: 8 → 1 (-7)

Holders
194
Holders Change
+17
Holders Change %
+9.6%
% of All Funds
2.6%
Holding in Top 10
1
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-87.5%
% of All Funds
0.01%
New
60
Increased
70
Reduced
35
Closed
40
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$55.1M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$38.9M
3
CM
Capula Management
Cayman Islands
+$36.1M
4
Citadel Advisors
Citadel Advisors
Florida
+$20.6M
5
Wealthfront Advisers
Wealthfront Advisers
California
+$11.2M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$105M
2
BHCM
Brevan Howard Capital Management
Jersey
-$94.2M
3
Goldman Sachs
Goldman Sachs
New York
-$55.9M
4
SG Americas Securities
SG Americas Securities
New York
-$49.8M
5
WAM
Weiss Asset Management
Massachusetts
-$25.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
EGM
26
Engineers Gate Manager
New York
$3.52M +$5.07M +254,615 New
PAG
27
Private Advisor Group
New Jersey
$3.1M +$4.16M +208,801 +1,321%
CPL
28
Corecam Pte Ltd
$2.75M +$383K +19,200 +11%
CCMG
29
Clark Capital Management Group
Pennsylvania
$2.66M +$3.84M +192,823 New
VF
30
Virtu Financial
New York
$2.55M +$1.12M +56,185 +44%
IMC Chicago
31
IMC Chicago
Illinois
$2.29M +$3.3M +165,505 New
FA
32
Fiduciary Alliance
South Carolina
$2M +$1.26M +63,134 +78%
BEI
33
Benjamin Edwards Inc
Missouri
$1.69M -$567K -28,429 -19%
LCM
34
LCM Capital Management
Illinois
$1.56M +$249K +12,500 +12%
ROC
35
Robertson Opportunity Capital
Texas
$1.46M – – –
CF
36
Cantor Fitzgerald
New York
$1.33M +$702K +35,245 +57%
IAS
37
Insigneo Advisory Services
Florida
$1.33M +$2.97K +149 +0.2%
Financial Engines Advisors
38
Financial Engines Advisors
California
$1.29M +$658K +33,037 +55%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$1.28M -$55.6K -2,790 -3%
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$1.09M +$578K +29,028 +58%
CAM
41
Cresset Asset Management
Illinois
$1.06M -$2.58M -129,650 -63%
BPA
42
Beacon Pointe Advisors
California
$1.05M +$203K +10,193 +15%
RCM
43
Requisite Capital Management
Texas
$1.05M +$358K +17,981 +31%
FC
44
Farringdon Capital
United Kingdom
$995K +$1.44M +72,020 New
KWA
45
Kingswood Wealth Advisors
California
$855K +$360K +18,082 +41%
CAM
46
Cobblestone Asset Management
Virginia
$805K +$206K +10,317 +22%
FA
47
Fountainhead AM
New Jersey
$792K +$250K +12,559 +28%
MML Investors Services
48
MML Investors Services
Massachusetts
$700K +$1.01M +50,686 New
MSCM
49
McElhenny Sheffield Capital Management
Texas
$684K +$987K +49,511 New
OMC
50
Old Mission Capital
Illinois
$662K -$2.14M -107,556 -69%
1
2
3 4 5

ETHA Hedge Fund Activity: Q1 2025 in Review

194 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares Ethereum Trust ETF (ETHA) for Q1 2025, worth a combined $502M — down 54% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new ETHA positions and 40 closed out — a net gain of 20 holders — while 70 added to existing stakes and 35 trimmed.

The largest buyer was Jane Street, adding an estimated $55.1M. The largest seller was Millennium Management, exiting entirely with an estimated $105M sold.

  • 194 institutional investors held iShares Ethereum Trust ETF (ETHA) as of Q1 2025, up from 177 in Q4 2024.
  • Funds reported $502M of iShares Ethereum Trust ETF stock for Q1 2025, down 54% quarter-over-quarter.
  • 60 funds opened new iShares Ethereum Trust ETF positions in Q1 2025 and 40 closed out, a net change of +20 holders.
  • The largest iShares Ethereum Trust ETF buyer in Q1 2025 was Jane Street, an estimated $55.1M added.
  • The largest iShares Ethereum Trust ETF seller in Q1 2025 was Millennium Management, an estimated $105M sold.

Based on aggregated 13F filings for Q1 2025.