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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
Vontobel Holding
101
Vontobel Holding
Switzerland
$483K +$421K +25,333 New
BWA
102
Bordeaux Wealth Advisors
California
$479K +$417K +25,100 New
ICM
103
Ionic Capital Management
New York
$477K +$416K +25,000 New
MOS
104
MGO One Seven
Ohio
$472K +$57.5K +3,460 +16%
SC
105
Sapient Capital
Indiana
$471K -$515 -31 -0.1%
Morgan Stanley
106
Morgan Stanley
New York
$446K -$51.9K -3,123 -12%
LAM
107
L2 Asset Management
Massachusetts
$436K +$380K +22,883 New
PAG
108
Private Advisor Group
New Jersey
$434K -$3.36M -201,876 -90%
BBHC
109
Brown Brothers Harriman & Co
New York
$430K – – –
MWM
110
Maridea Wealth Management
New York
$423K +$369K +22,188 New
TI
111
Tidal Investments
Wisconsin
$420K +$366K +21,999 New
US Bancorp
112
US Bancorp
Minnesota
$415K +$20.9K +1,260 +6%
AWM
113
Axxcess Wealth Management
California
$400K -$8.71K -524 -2%
Truist Financial
114
Truist Financial
North Carolina
$398K -$5.04K -303 -1%
XT
115
XTX Topco
Cayman Islands
$394K +$343K +20,647 New
JIC
116
Joel Isaacson & Co
New York
$387K -$3.59K -216 -1%
CAPTRUST Financial Advisors
117
CAPTRUST Financial Advisors
North Carolina
$377K +$59.8K +3,595 +22%
STAS
118
Strong Tower Advisory Services
Minnesota
$376K – – –
USCWA
119
U.S. Capital Wealth Advisors
Texas
$369K +$1.79K +108 +0.6%
Osaic Holdings
120
Osaic Holdings
Arizona
$367K +$309K +18,618 +305%
JSSH
121
J. Safra Sarasin Holding
$363K +$39.7K +2,387 +14%
TCBWMS
122
Texas Capital Bank Wealth Management Services
Texas
$357K -$18.3K -1,102 -6%
WANY
123
Wealthspire Advisors (New York)
New York
$356K -$263K -15,830 -46%
BCM
124
Brookstone Capital Management
Illinois
$349K +$21.5K +1,291 +8%
ICP
125
Interchange Capital Partners
Pennsylvania
$347K -$69.2K -4,165 -19%
3 4
5
6 7

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.