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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
NW
151
NewEdge Wealth
Pennsylvania
$230K +$131K +7,855 New
FGA
152
Fortis Group Advisors
New Jersey
$228K +$134K +8,052 New
GS
153
GTS Securities
New York
$226K -$52.1K -3,133 -21%
IWC
154
Integrated Wealth Concepts
Massachusetts
$222K +$193K +11,629 New
PFGIA
155
Patriot Financial Group Insurance Agency
Massachusetts
$220K +$191K +11,512 New
GWM
156
Geneos Wealth Management
Colorado
$214K +$78.9K +4,744 +73%
KCAM
157
Kagan Cocozza Asset Management
New Jersey
$211K – – –
RI
158
Ridgewood Investments
New Jersey
$209K +$138K +8,291 +309%
BCM
159
Beck Capital Management
Texas
$208K +$181K +10,914 New
TF
160
Trek Financial
Arizona
$200K +$175K +10,500 New
MCM
161
Manchester Capital Management
Vermont
$197K +$61.7K +3,710 +56%
PS
162
Principal Securities
Iowa
$197K +$171K +10,314 New
LI
163
LRI Investments
Florida
$191K – – –
HCM
164
Harvey Capital Management
Florida
$182K – – –
AEPWM
165
Atlantic Edge Private Wealth Management
Florida
$181K +$158K +9,500 New
CPG
166
Cornerstone Planning Group
New Jersey
$128K +$4.99K +300 +7%
MCM
167
MAI Capital Management
Ohio
$127K +$25.5K +1,532 +30%
Macquarie Group
168
Macquarie Group
Australia
$126K +$110K +6,600 New
AIM
169
ARK Investment Management
Florida
$120K – – –
IA
170
IFP Advisors
Florida
$109K +$14.4K +864 +18%
CWM
171
Copia Wealth Management
Oregon
$104K +$29.5K +1,777 +49%
HI
172
Harbour Investments
Wisconsin
$82.2K +$10.3K +621 +17%
CIA
173
Cape Investment Advisory
Georgia
$78.5K – – –
TIM
174
Tortoise Investment Management
New York
$76.3K +$24.9K +1,500 +60%
FHA
175
First Horizon Advisors
Tennessee
$74.7K -$23.1K -1,387 -26%
5 6
7
8 9

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.