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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
BL
201
BFSG LLC
California
$11.5K – – –
LFG
202
Larson Financial Group
Missouri
$11.5K +$748 +45 +8%
CIBC Private Wealth Group
203
CIBC Private Wealth Group
Georgia
$10.9K -$35.4K -2,129 -79%
Comerica Bank
204
Comerica Bank
Texas
$9.17K -$565 -34 -7%
DI
205
DAGCO Inc
Ohio
$8.56K +$815 +49 +12%
SIC
206
SJS Investment Consulting
Ohio
$7.42K – – –
NS
207
NBC Securities
Alabama
$7K – – –
HNW
208
High Note Wealth
Minnesota
$6.67K +$5.82K +350 New
TSMHT
209
Thurston Springer Miller Herd & Titak
Indiana
$6.1K +$5.32K +320 New
GJIA
210
Glass Jacobson Investment Advisors
Maryland
$5.72K +$4.57K +275 +1,100%
HC
211
Hurley Capital
New York
$5.43K – – –
AGWCA
212
Annis Gardner Whiting Capital Advisors
Florida
$4.86K +$4.24K +255 New
GWSG
213
GPS Wealth Strategies Group
Colorado
$4.77K – – –
AWM
214
Activest Wealth Management
Florida
$4.67K – – –
AAP
215
Arax Advisory Partners
Colorado
$4.54K – – –
Northwestern Mutual Wealth Management
216
Northwestern Mutual Wealth Management
Wisconsin
$4.14K +$3.61K +217 New
DPW
217
DiNuzzo Private Wealth
Pennsylvania
$3.81K – – –
T
218
Tidemark
California
$3.78K +$3.29K +198 New
NFSG
219
Newbridge Financial Services Group
Florida
$3.24K – – –
CW
220
Curio Wealth
Maryland
$3.2K +$2.78K +167 +16,700%
JP Morgan Chase
221
JP Morgan Chase
New York
$2.12K -$83.8K -5,043 -98%
VNA
222
Valley National Advisers
Pennsylvania
$2K – – –
FMP
223
Financial Management Professionals
Texas
$1.91K – – –
HIA
224
Harbor Investment Advisory
Maryland
$1.91K – – –
PWA
225
Physician Wealth Advisors
Utah
$1.72K – – –
7 8
9
10 11

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.