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ETHE

Grayscale Ethereum Staking ETF Shares
ETHE

284 hedge funds and large institutions have $148M invested in Grayscale Ethereum Staking ETF Shares in 2025 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 47 increasing their positions, 102 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

0.05% more ownership

Funds ownership: 6.63% → 6.68% (+0.05%)

14% less funds holding

Funds holding: 331 → 284 (-47)

53% less capital invested

Capital invested by funds: $313M → $148M (-$165M)

54% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 102

57% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 68

Holders
284
Holders Change
-47
Holders Change %
-14.2%
% of All Funds
3.81%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
29
Increased
47
Reduced
102
Closed
68
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DS
DRW Securities
Illinois
+$23.1M
2
VCM
Verde Capital Management
Michigan
+$3.57M
3
MAMNY
Marathon Asset Management (New York)
New York
+$2.2M
4
IAN
Integrated Advisors Network
Texas
+$2.18M
5
MG
Marex Group
+$1.79M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$19.4M
2
UCMOK
United Capital Management of KS
Kansas
-$12.5M
3
VF
Virtu Financial
New York
-$5.25M
4
VAS
Vestmark Advisory Solutions
Massachusetts
-$5.06M
5
Jane Street
Jane Street
New York
-$3.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
NB
251
NBT Bank
New York
$2.74K – – –
CAWM
252
Capital A Wealth Management
Pennsylvania
$2.59K -$5.06K -230 -58%
WTFG
253
Wood Tarver Financial Group
Idaho
$2.18K +$946 +43 +43%
OWP
254
ORG Wealth Partners
Texas
$2.15K -$176 -8 -6%
HI
255
Hoey Investments
Pennsylvania
$2.06K – – –
SHIM
256
Stone House Investment Management
Pennsylvania
$2.01K +$2.9K +132 New
CA
257
Centerpoint Advisors
Massachusetts
$2K – – –
WSFS
258
Wilmington Savings Fund Society
Delaware
$1.9K – – –
SC
259
Swan Capital
Florida
$1.83K +$440 +20 +20%
CJH
260
Christopher J. Hasenberg
Wisconsin
$1.59K +$2.2K +100 New
GPFA
261
Game Plan Financial Advisors
Ohio
$1.58K – – –
TCM
262
Tradewinds Capital Management
Washington
$1.55K – – –
HI
263
Harbour Investments
Wisconsin
$1.52K -$594 -27 -21%
CWP
264
Concord Wealth Partners
Virginia
$1.52K – – –
HFM
265
Hartford Financial Management
Connecticut
$1.52K – – –
BlackRock
266
BlackRock
New York
$1.52K +$2.2K +100 New
T
267
Transce3nd
Texas
$1.29K – – –
Jones Financial Companies
268
Jones Financial Companies
Missouri
$1.06K +$1.5K +68 New
RBC
269
Roble Belko & Company
Pennsylvania
$1K – – –
CVM
270
Cheviot Value Management
California
$951 +$1.39K +63 New
HIMS
271
Hager Investment Management Services
New Hampshire
$928 – – –
HCM
272
Hollencrest Capital Management
California
$913 – – –
BA
273
Bellwether Advisors
Nebraska
$822 – – –
Northwestern Mutual Wealth Management
274
Northwestern Mutual Wealth Management
Wisconsin
$563 +$22 +1 +3%
MSG
275
Main Street Group
Virginia
$457 – – –
9 10
11
12 13

ETHE Hedge Fund Activity: Q1 2025 in Review

284 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking ETF Shares (ETHE) for Q1 2025, worth a combined $148M — down 53% from $313M a quarter earlier.

Sellers outnumbered buyers: 68 funds closed out of ETHE and 29 opened new positions — a net loss of 39 holders — while 102 trimmed existing stakes and 47 added.

The largest buyer was DRW Securities, adding an estimated $23.1M. The largest seller was Envestnet Asset Management, cutting an estimated $19.4M.

  • 284 institutional investors held Grayscale Ethereum Staking ETF Shares (ETHE) as of Q1 2025, down from 331 in Q4 2024.
  • Funds reported $148M of Grayscale Ethereum Staking ETF Shares stock for Q1 2025, down 53% quarter-over-quarter.
  • 29 funds opened new Grayscale Ethereum Staking ETF Shares positions in Q1 2025 and 68 closed out, a net change of -39 holders.
  • The largest Grayscale Ethereum Staking ETF Shares buyer in Q1 2025 was DRW Securities, an estimated $23.1M added.
  • The largest Grayscale Ethereum Staking ETF Shares seller in Q1 2025 was Envestnet Asset Management, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2025.