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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
Bank of America
176
Bank of America
North Carolina
$70.6K – – –
FDCDDQ
177
Federation des caisses Desjardins du Quebec
Quebec, Canada
$62K +$43K +2,589 +391%
RWPA
178
Richard W. Paul & Associates
Michigan
$61.5K +$4.01K +241 +8%
HT
179
Headlands Technologies
Illinois
$58.7K -$32.4K -1,952 -39%
AF
180
Allworth Financial
California
$50.6K -$5.49K -330 -11%
CLOS
181
Compagnie Lombard Odier SCmA
Switzerland
$47.7K – – –
SPIA
182
Steward Partners Investment Advisory
New York
$43.9K +$38.2K +2,300 New
ST
183
Smithfield Trust
Pennsylvania
$41K – – –
KWM
184
Kiker Wealth Management
Georgia
$37.8K – – –
WT
185
Whittier Trust
California
$37.2K – – –
PWM
186
Proathlete Wealth Management
Florida
$31.8K +$2.54K +153 +10%
SWM
187
Spire Wealth Management
Virginia
$30.3K +$1.7K +102 +7%
NSIM
188
North Star Investment Management
Illinois
$29.6K – – –
Royal Bank of Canada
189
Royal Bank of Canada
Ontario, Canada
$27K +$1.25K +75 +5%
WWM
190
Wolff Wiese Magana
California
$24.4K -$11.9K -715 -36%
CA
191
Clearstead Advisors
Ohio
$23.6K – – –
SFFS
192
Stonehage Fleming Financial Services
Jersey
$23.5K – – –
PNC Financial Services Group
193
PNC Financial Services Group
Pennsylvania
$23.3K -$51K -3,065 -72%
CAI
194
Capital Advisors Inc
Oklahoma
$20.3K +$291K +17,500 New
EWM
195
Evolution Wealth Management
Florida
$18.2K +$15.8K +953 New
PWA
196
Provenance Wealth Advisors
Florida
$16.6K – – –
HWP
197
Highline Wealth Partners
California
$14.3K – – –
KG
198
Kilter Group
New York
$14.3K +$12.5K +750 New
TRCT
199
Tower Research Capital (TRC)
New York
$14.2K +$12.4K +747 New
PFBT
200
Parkside Financial Bank & Trust
Missouri
$13.3K – – –
6 7
8
9 10

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.