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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$306M |
| 2 |
Millennium Management
New York
|
+$96.6M |
| 3 |
Jane Street
New York
|
+$62.9M |
| 4 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
+$58.9M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
+$27.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$28.5M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
-$15M |
| 3 |
AMH
Apollo Management Holdings
New York
|
-$9.19M |
| 4 |
ECM
ExodusPoint Capital Management
New York
|
-$6.81M |
| 5 |
VanEck Associates
New York
|
-$5.06M |
ETHA Hedge Fund Activity: Q2 2025 in Review
237 of the 7,595 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.