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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
AIP
126
Almanack Investment Partners
Pennsylvania
$343K +$299K +18,001 New
RPC
127
Rossmore Private Capital
Connecticut
$339K – – –
HCMG
128
Howard Capital Management Group
California
$331K – – –
FFA
129
Farther Finance Advisors
California
$321K +$200K +12,046 +250%
GC
130
Garde Capital
Washington
$320K +$1.6K +96 +0.6%
VI
131
VanderPol Investments
Michigan
$316K +$5.09K +306 +2%
NA
132
NewEdge Advisors
Louisiana
$314K +$64K +3,848 +31%
WGC
133
Watts Gwilliam & Co
Arizona
$310K +$148K +8,925 New
AAS
134
Asset Allocation Strategies
Michigan
$308K – – –
PWS
135
Precision Wealth Strategies
Missouri
$304K +$56.9K +3,421 +27%
CMI
136
Clare Market Investments
Texas
$303K -$196K -11,775 -43%
DC
137
Diametric Capital
Massachusetts
$287K +$250K +15,046 New
FAM
138
Formidable Asset Management
Ohio
$285K – – –
PA
139
Parallel Advisors
California
$274K +$88.2K +5,305 +59%
Corient Private Wealth
140
Corient Private Wealth
Florida
$273K +$238K +14,322 New
LA
141
LM Advisors
California
$273K +$238K +14,320 New
AWM
142
Avior Wealth Management
Nebraska
$263K -$898 -54 -0.4%
PAS
143
Park Avenue Securities
New York
$261K -$23.2K -1,397 -9%
Belvedere Trading
144
Belvedere Trading
Illinois
$259K +$226K +13,585 New
SCM
145
Stevens Capital Management
Pennsylvania
$258K +$225K +13,513 New
Raymond James Financial
146
Raymond James Financial
Florida
$255K +$223K +13,388 New
KAS
147
Kestra Advisory Services
Texas
$254K +$22.9K +1,377 +12%
WP
148
WealthShield Partners
North Carolina
$241K +$210K +12,662 New
FIA
149
FNY Investment Advisers
New York
$234K +$188K +11,303 +1,130%
OC
150
Oakworth Capital
Alabama
$233K – – –
4 5
6
7 8

ETHA Hedge Fund Activity: Q2 2025 in Review

237 of the 7,596 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.