Grayscale Ethereum Staking ETF Shares
ETHE
335 hedge funds and large institutions have $345M invested in Grayscale Ethereum Staking ETF Shares in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 62 increasing their positions, 90 reducing their positions, and 32 closing their positions.
166% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 32
122% more call options, than puts
Call options by funds: $150M | Put options by funds: $67.5M
106% more capital invested
Capital invested by funds: $167M → $345M (+$178M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
16% more funds holding
Funds holding: 288 → 335 (+47)
5.82% less ownership
Funds ownership: 5.82% → 0% (-5.8%)
31% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$24M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.5M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$6.12M |
| 4 |
TAM
Titleist Asset Management
San Antonio,
Texas
|
+$5.43M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$5.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$6.75M |
| 2 |
Wealthfront Advisers
Palo Alto,
California
|
-$4.59M |
| 3 |
SG
StoneX Group
New York
|
-$3.5M |
| 4 |
RBC
Rye Brook Capital
Greenwich,
Connecticut
|
-$3.42M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$1.27M |
ETHE Hedge Fund Activity: Q3 2025 in Review
335 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking ETF Shares (ETHE) for Q3 2025, worth a combined $345M — up 106% from $167M a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new ETHE positions and 32 closed out — a net gain of 53 holders — while 62 added to existing stakes and 90 trimmed.
The largest buyer was Jane Street, adding an estimated $24M. The largest seller was Citadel Advisors, exiting entirely with an estimated $6.75M sold.
- 335 institutional investors held Grayscale Ethereum Staking ETF Shares (ETHE) as of Q3 2025, up from 288 in Q2 2025.
- Funds reported $345M of Grayscale Ethereum Staking ETF Shares stock for Q3 2025, up 106% quarter-over-quarter.
- 85 funds opened new Grayscale Ethereum Staking ETF Shares positions in Q3 2025 and 32 closed out, a net change of +53 holders.
- The largest Grayscale Ethereum Staking ETF Shares buyer in Q3 2025 was Jane Street, an estimated $24M added.
- The largest Grayscale Ethereum Staking ETF Shares seller in Q3 2025 was Citadel Advisors, an estimated $6.75M sold.
Based on aggregated 13F filings for Q3 2025.