iShares Ethereum Trust ETF
ETHA
194 hedge funds and large institutions have $502M invested in iShares Ethereum Trust ETF in 2025 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 70 increasing their positions, 35 reducing their positions, and 40 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 35
50% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 40
10% more funds holding
Funds holding: 177 → 194 (+17)
7.47% less ownership
Funds ownership: 30.37% → 22.91% (-7.5%)
54% less capital invested
Capital invested by funds: $1.09B → $502M (-$586M)
88% less funds holding in top 10
Funds holding in top 10: 8 → 1 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$55.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$38.9M |
| 3 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
+$36.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$20.6M |
| 5 |
Wealthfront Advisers
Palo Alto,
California
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$105M |
| 2 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
-$94.2M |
| 3 |
Goldman Sachs
New York
|
-$55.9M |
| 4 |
SG Americas Securities
New York
|
-$49.8M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$25.1M |
ETHA Hedge Fund Activity: Q1 2025 in Review
194 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares Ethereum Trust ETF (ETHA) for Q1 2025, worth a combined $502M — down 54% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new ETHA positions and 40 closed out — a net gain of 20 holders — while 70 added to existing stakes and 35 trimmed.
The largest buyer was Jane Street, adding an estimated $55.1M. The largest seller was Millennium Management, exiting entirely with an estimated $105M sold.
- 194 institutional investors held iShares Ethereum Trust ETF (ETHA) as of Q1 2025, up from 177 in Q4 2024.
- Funds reported $502M of iShares Ethereum Trust ETF stock for Q1 2025, down 54% quarter-over-quarter.
- 60 funds opened new iShares Ethereum Trust ETF positions in Q1 2025 and 40 closed out, a net change of +20 holders.
- The largest iShares Ethereum Trust ETF buyer in Q1 2025 was Jane Street, an estimated $55.1M added.
- The largest iShares Ethereum Trust ETF seller in Q1 2025 was Millennium Management, an estimated $105M sold.
Based on aggregated 13F filings for Q1 2025.