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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
DAM
76
Deltec Asset Management
New York
$4.99M +$4.7M +158,500 New
IWC
77
Integrated Wealth Concepts
Massachusetts
$4.96M +$4.32M +145,725 +1,253%
UBS Group
78
UBS Group
Switzerland
$4.69M -$4.85M -163,617 -52%
NA
79
NewEdge Advisors
Louisiana
$4.64M +$3.88M +130,690 +794%
IAS
80
Insigneo Advisory Services
Florida
$4.58M +$1.41M +47,431 +48%
OPW
81
Oxler Private Wealth
New York
$4.43M +$4.17M +140,712 New
Barclays
82
Barclays
United Kingdom
$4.17M +$3.93M +132,450 New
FC
83
Farringdon Capital
United Kingdom
$4.03M +$671K +22,632 +21%
TC
84
Truvestments Capital
Florida
$4.02M +$2.68M +90,246 +243%
EGM
85
Engineers Gate Manager
New York
$3.99M -$2.72M -91,538 -42%
SF
86
Summit Financial
New Jersey
$3.97M +$3.74M +126,045 New
Bank of New York Mellon
87
Bank of New York Mellon
New York
$3.9M +$3.67M +123,652 New
CF
88
Cantor Fitzgerald
New York
$3.75M +$1.05M +35,545 +43%
Wolverine Trading
89
Wolverine Trading
Illinois
$3.73M +$1.47M +49,585 +73%
LCM
90
LCM Capital Management
Illinois
$3.66M -$40.6K -1,368 -1%
RCM
91
Requisite Capital Management
Texas
$3.62M +$1.2M +40,543 +54%
BEI
92
Benjamin Edwards Inc
Missouri
$3.51M -$201K -6,772 -6%
AT
93
Avenir Tech
Hong Kong
$3.45M +$3.25M +109,464 New
GRP
94
Global Retirement Partners
California
$3.44M +$1.19M +39,955 +58%
ROC
95
Robertson Opportunity Capital
Texas
$3.32M – – –
BCH
96
Berkshire Capital Holdings
California
$3.26M +$3.07M +103,350 New
CPL
97
Corecam Pte Ltd
$3.23M -$4.7M -158,300 -61%
KWA
98
Kingswood Wealth Advisors
California
$3.2M +$969K +32,670 +48%
RA
99
RFG Advisory
Alabama
$3.03M +$1.45M +48,943 +103%
WWA
100
WCG Wealth Advisors
Nevada
$2.84M +$1.66M +55,951 +164%
2 3
4
5 6

ETHA Hedge Fund Activity: Q3 2025 in Review

506 of the 7,619 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.