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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
Fidelity Investments
276
Fidelity Investments
Massachusetts
$320 – – –
CCM
277
Coldstream Capital Management
Washington
$305 +$440 +20 New
AIC
278
Archer Investment Corporation
Indiana
$152 – – –
MWA
279
Medallion Wealth Advisors
Connecticut
$127 – – –
DAM
280
Delta Asset Management
Tennessee
$61 – – –
NRG
281
Nemes Rush Group
Michigan
$61 +$88 +4 New
Morgan Stanley
282
Morgan Stanley
New York
$31 – – –
DFA
283
DHJJ Financial Advisors
Illinois
$16 – – –
HNB
284
Huntington National Bank
Ohio
$15 -$28.6K -1,301 Closed
UBS Group
285
UBS Group
Switzerland
$15 – – –
UCMOK
286
United Capital Management of KS
Kansas
– -$12.5M -446,146 Closed
VAS
287
Vestmark Advisory Solutions
Massachusetts
– -$5.06M -193,338 Closed
VF
288
Virtu Financial
New York
– -$5.25M -187,396 Closed
Bank of Montreal
289
Bank of Montreal
Ontario, Canada
– -$2.26M -80,807 Closed
OMC
290
Old Mission Capital
Illinois
– -$847K -30,239 Closed
EWA
291
Evolution Wealth Advisors
Florida
– -$835K -29,810 Closed
TS
292
Tamar Securities
California
– -$708K -25,266 Closed
PCA
293
Pallas Capital Advisors
Massachusetts
– -$587K -20,948 Closed
Mercer Global Advisors
294
Mercer Global Advisors
Colorado
– -$551K -19,653 Closed
CBA
295
Coastal Bridge Advisors
Connecticut
– -$506K -18,070 Closed
PWS
296
Precision Wealth Strategies
Missouri
– -$500K -17,839 Closed
CP
297
Castleview Partners
Texas
– -$415K -14,355 Closed
GVAG
298
Great Valley Advisor Group
Delaware
– -$370K -13,187 Closed
Financial Engines Advisors
299
Financial Engines Advisors
California
– -$364K -12,978 Closed
BWP
300
Balboa Wealth Partners
Arizona
– -$362K -12,930 Closed
10 11
12
13 14

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.