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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
Creative Planning
101
Creative Planning
Kansas
$2.81M +$1.06M +35,752 +67%
IFG
102
Independent Financial Group
California
$2.79M +$494K +16,634 +23%
US Bancorp
103
US Bancorp
Minnesota
$2.71M +$1.91M +64,311 +296%
FFA
104
Farther Finance Advisors
California
$2.71M +$2.05M +69,199 +411%
MAMNY
105
Marathon Asset Management (New York)
New York
$2.68M -$2.23M -75,000 -47%
Commonwealth Equity Services
106
Commonwealth Equity Services
Massachusetts
$2.52M +$1.28M +43,069 +117%
JF
107
Jump Financial
Illinois
$2.51M +$2.37M +79,803 New
BPA
108
Beacon Pointe Advisors
California
$2.51M +$358K +12,059 +18%
AFP
109
Ausdal Financial Partners
Iowa
$2.46M +$2.32M +78,159 New
CAM
110
Cobblestone Asset Management
Virginia
$2.43M +$34.3K +1,157 +2%
LHWM
111
Lake Hills Wealth Management
Texas
$2.4M +$2.26M +76,248 New
Vontobel Holding
112
Vontobel Holding
Switzerland
$2.4M +$1.51M +50,738 +200%
SB
113
SIG Brokerage
New York
$2.37M +$2.23M +75,270 New
BFG
114
Bleakley Financial Group
New Jersey
$2.37M +$2.23M +75,081 New
GC
115
Garde Capital
Washington
$2.32M +$1.68M +56,771 +338%
Walleye Trading
116
Walleye Trading
New York
$2.3M +$2.17M +73,141 New
BCM
117
BlueCrest Capital Management
Jersey
$2.3M -$42.3M -1,426,901 -95%
PCA
118
Private Capital Advisors
Connecticut
$2.29M +$2.16M +72,800 New
PIS
119
PPSC Investment Service
Japan
$2.27M +$2.14M +72,000 New
RAG
120
RIA Advisory Group
Iowa
$2.25M +$2.12M +71,364 New
Financial Engines Advisors
121
Financial Engines Advisors
California
$2.23M -$702K -23,668 -25%
HF
122
HRT Financial
New York
$2.22M +$2.09M +70,483 New
AGM
123
Aragon Global Management
Florida
$2.21M +$2.08M +70,100 New
FA
124
Fountainhead AM
New Jersey
$2.21M +$367K +12,380 +21%
AFC
125
Alpine Fox Capital
Nevada
$2.21M +$2.08M +70,000 New
3 4
5
6 7

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.