We are live on ! Find out more
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
IPW
76
Impact Partnership Wealth
Georgia
$940K +$50.7K +3,047 +7%
RA
77
RFG Advisory
Alabama
$902K +$447K +26,860 +131%
MYIA
78
Mount Yale Investment Advisors
Colorado
$870K +$56.1K +3,375 +8%
Bank of Montreal
79
Bank of Montreal
Ontario, Canada
$840K -$579K -34,848 -44%
OMC
80
Old Mission Capital
Illinois
$826K -$76.3K -4,589 -10%
BHCM
81
Brevan Howard Capital Management
Jersey
$806K +$726K +43,675 New
ACM
82
Andina Capital Management
Utah
$737K +$176K +10,615 +38%
TC
83
Truvestments Capital
Florida
$709K +$606K +36,440 +4,859%
SCA
84
Sassicaia Capital Advisers
New York
$707K +$617K +37,100 New
Commonwealth Equity Services
85
Commonwealth Equity Services
Massachusetts
$704K -$12.7K -761 -2%
FCH
86
Freestone Capital Holdings
Washington
$702K +$194K +11,680 +47%
Wealth Enhancement Advisory Services
87
Wealth Enhancement Advisory Services
Minnesota
$680K +$580K +34,910 New
FF
88
Fluent Financial
Texas
$675K +$588K +35,374 New
Carson Wealth (CWM LLC)
89
Carson Wealth (CWM LLC)
Nebraska
$664K +$247K +14,842 +74%
QIM
90
Quantitative Investment Management
Virginia
$663K +$578K +34,784 New
WWA
91
WCG Wealth Advisors
Nevada
$650K +$137K +8,250 +32%
TS
92
Tamar Securities
California
$649K +$116K +7,000 +26%
JWCA
93
J.W. Cole Advisors
Florida
$639K +$557K +33,501 New
PTP
94
Platform Technology Partners
New York
$593K +$517K +31,086 New
PCM
95
Prelude Capital Management
New York
$589K +$513K +30,887 New
WMG
96
WESCAP Management Group
California
$575K – – –
DCM
97
Deuterium Capital Management
Florida
$572K – – –
DP
98
DDD Partners
Washington
$502K +$236K +14,187 +117%
ATPW
99
Ashton Thomas Private Wealth
Arizona
$500K +$1.31K +79 +0.3%
LSA
100
Lansing Street Advisors
Pennsylvania
$495K – – –
2 3
4
5 6

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.