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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
NFGH
151
Nan Fung Group Holdings
Hong Kong
$1.59M +$1.5M +50,549 New
RL
152
RPO LLC
Connecticut
$1.56M +$1.47M +49,500 New
VWM
153
Vigilare Wealth Management
Arizona
$1.55M +$1.46M +49,222 New
AIM
154
Advyzon Investment Management
Illinois
$1.53M +$1.44M +48,596 New
GCM
155
Gallacher Capital Management
Colorado
$1.5M +$1.41M +47,667 New
Corient Private Wealth
156
Corient Private Wealth
Florida
$1.5M +$985K +33,210 +232%
AC
157
Aristides Capital
Kentucky
$1.48M +$1.39M +46,850 New
TF
158
Telligent Fund
Hong Kong
$1.42M +$1.34M +45,000 New
Bank of America
159
Bank of America
North Carolina
$1.4M +$1.21M +40,882 +1,105%
WS
160
Wedbush Securities
California
$1.38M +$1.3M +43,801 New
NW
161
NewEdge Wealth
Pennsylvania
$1.37M +$1.33M +44,783 +570%
MIH
162
Meitav Investment House
Israel
$1.34M +$1.26M +42,554 New
SCM
163
Stevens Capital Management
Pennsylvania
$1.32M +$842K +28,387 +210%
VA
164
VestGen Advisors
Illinois
$1.32M +$1.24M +41,757 New
CCC
165
Compass Capital Corp
Massachusetts
$1.31M -$297K -10,015 -17%
BWM
166
Bosman Wealth Management
California
$1.31M +$1.23M +41,612 New
JWCA
167
J.W. Cole Advisors
Florida
$1.28M +$212K +7,145 +21%
PPA
168
Pacific Point Advisors
California
$1.26M +$1.19M +40,000 New
SB
169
Strategic Blueprint
Georgia
$1.25M +$1.18M +39,618 New
Pathstone Holdings
170
Pathstone Holdings
New Jersey
$1.25M +$1.17M +39,557 New
MSCM
171
McElhenny Sheffield Capital Management
Texas
$1.24M -$299K -10,062 -20%
AF
172
Apexium Financial
Texas
$1.22M +$1.15M +38,864 New
PC
173
Permanens Capital
New York
$1.2M +$1.13M +38,220 New
IAN
174
Integrated Advisors Network
Texas
$1.17M +$1.11M +37,274 New
KAS
175
Kestra Advisory Services
Texas
$1.13M +$666K +22,436 +168%
5 6
7
8 9

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.