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ETHA

iShares Ethereum Trust ETF
ETHA

237 hedge funds and large institutions have $1.48B invested in iShares Ethereum Trust ETF in 2025 Q2 according to their latest regulatory filings, with 70 funds opening new positions, 82 increasing their positions, 37 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more funds holding in top 10

Funds holding in top 10: 1 → 9 (+8)

195% more capital invested

Capital invested by funds: $502M → $1.48B (+$982M)

159% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 27

159% more call options, than puts

Call options by funds: $199M | Put options by funds: $76.7M

122% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 37

78.28% more ownership

Funds ownership: 22.91% → 101.19% (+78%)

22% more funds holding

Funds holding: 194 → 237 (+43)

Holders
237
Holders Change
+43
Holders Change %
+22.16%
% of All Funds
3.12%
Holding in Top 10
9
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+800%
% of All Funds
0.12%
New
70
Increased
82
Reduced
37
Closed
27
Calls
$199M
Puts
$76.7M
Net Calls
+$122M
Net Calls Change
+$122M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$306M
2
Millennium Management
Millennium Management
New York
+$96.6M
3
Jane Street
Jane Street
New York
+$62.9M
4
CM
Capula Management
Cayman Islands
+$58.9M
5
SSA
Schonfeld Strategic Advisors
New York
+$27.9M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$28.5M
2
DS
DRW Securities
Illinois
-$15M
3
AMH
Apollo Management Holdings
New York
-$9.19M
4
ECM
ExodusPoint Capital Management
New York
-$6.81M
5
VanEck Associates
VanEck Associates
New York
-$5.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
TM
26
Tikvah Management
North Carolina
$7.59M – – –
PL
27
Parkwood LLC
Ohio
$7.47M -$4.65M -280,000 -42%
MC
28
Maplelane Capital
New York
$6.2M +$5.4M +325,000 New
UBS Group
29
UBS Group
Switzerland
$5.96M +$4.47M +269,150 +621%
GGI
30
Galaxy Group Investments
New York
$5.1M +$4.45M +267,600 New
CPL
31
Corecam Pte Ltd
$4.97M +$1.02M +61,600 +31%
VAM
32
Vienna Asset Management
California
$4.71M +$4.11M +247,027 New
KF
33
Krilogy Financial
Missouri
$4.24M +$3.69M +222,165 New
AC
34
Almitas Capital
California
$4.18M +$3.65M +219,405 New
EGM
35
Engineers Gate Manager
New York
$4.16M -$605K -36,394 -14%
FA
36
Fiduciary Alliance
South Carolina
$4.04M +$1.12M +67,482 +47%
CAM
37
Cresset Asset Management
Illinois
$3.97M +$2.19M +131,763 +172%
HI
38
HBK Investments
Texas
$3.8M +$3.31M +199,020 New
QC
39
Quadrature Capital
United Kingdom
$3.46M +$3.02M +181,730 New
MAMNY
40
Marathon Asset Management (New York)
New York
$3.05M +$2.66M +160,000 New
PHS
41
Pekin Hardy Strauss
Illinois
$2.57M +$1.78M +107,330 +390%
CCMG
42
Clark Capital Management Group
Pennsylvania
$2.45M -$1.07M -64,343 -33%
CIA
43
Concurrent Investment Advisors
Florida
$2.42M +$2.11M +126,729 New
Mariner
44
Mariner
Kansas
$2.33M +$1.36M +81,865 +204%
BEI
45
Benjamin Edwards Inc
Missouri
$2.25M -$72.8K -4,380 -4%
LCM
46
LCM Capital Management
Illinois
$2.24M +$81.5K +4,900 +4%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$2.06M +$251K +15,121 +16%
ROC
48
Robertson Opportunity Capital
Texas
$2.01M – – –
FC
49
Farringdon Capital
United Kingdom
$2.01M +$553K +33,271 +46%
CCC
50
Compass Capital Corp
Massachusetts
$1.95M +$220K +13,237 +28%
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ETHA Hedge Fund Activity: Q2 2025 in Review

237 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Ethereum Trust ETF (ETHA) for Q2 2025, worth a combined $1.48B — up 195% from $502M a quarter earlier.

Buyers outnumbered sellers: 70 funds opened new ETHA positions and 27 closed out — a net gain of 43 holders — while 82 added to existing stakes and 37 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $306M. The largest seller was Envestnet Asset Management, cutting an estimated $28.5M.

  • 237 institutional investors held iShares Ethereum Trust ETF (ETHA) as of Q2 2025, up from 194 in Q1 2025.
  • Funds reported $1.48B of iShares Ethereum Trust ETF stock for Q2 2025, up 195% quarter-over-quarter.
  • 70 funds opened new iShares Ethereum Trust ETF positions in Q2 2025 and 27 closed out, a net change of +43 holders.
  • The largest iShares Ethereum Trust ETF buyer in Q2 2025 was Goldman Sachs, an estimated $306M added.
  • The largest iShares Ethereum Trust ETF seller in Q2 2025 was Envestnet Asset Management, an estimated $28.5M sold.

Based on aggregated 13F filings for Q2 2025.