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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
DAS
301
Diversify Advisory Services
Utah
– -$318K -11,648 Closed
AG
302
AlTi Global
New York
– -$294K -10,478 Closed
MC
303
Moors & Cabot
Massachusetts
– -$291K -10,391 Closed
KJHP
304
K.J. Harrison & Partners
Ontario, Canada
– -$289K -10,000 Closed
SWP
305
Stratos Wealth Partners
Ohio
– -$279K -9,942 Closed
MWM
306
Modern Wealth Management
Kansas
– -$278K -9,932 Closed
MWM
307
Mission Wealth Management
California
– -$274K -9,765 Closed
VAM
308
Vienna Asset Management
California
– -$273K -9,743 Closed
VCM
309
Vivaldi Capital Management
Illinois
– -$254K -9,645 Closed
RDWM
310
Red Door Wealth Management
Tennessee
– -$268K -9,580 Closed
TPWA
311
TRUE Private Wealth Advisors
Oregon
– -$260K -9,284 Closed
IIA
312
IPG Investment Advisors
California
– -$255K -9,101 Closed
JPLA
313
Joseph P. Lucia & Associates
New York
– -$252K -9,004 Closed
CFP
314
Curran Financial Partners
South Carolina
– -$252K -9,002 Closed
SC
315
Sepio Capital
Utah
– -$247K -8,810 Closed
SWM
316
SeaCrest Wealth Management
New York
– -$247K -8,808 Closed
ACP
317
Aveo Capital Partners
Colorado
– -$242K -8,644 Closed
RMC
318
Ring Mountain Capital
California
– -$242K -8,626 Closed
CW
319
CreativeOne Wealth
Kansas
– -$237K -8,457 Closed
CFG
320
Cooper Financial Group
California
– -$235K -8,392 Closed
RWMG
321
Redwood Wealth Management Group
New Jersey
– -$230K -8,225 Closed
PWM
322
PBMares Wealth Management
Virginia
– -$226K -8,069 Closed
BWM
323
BCS Wealth Management
Tennessee
– -$226K -8,061 Closed
WW
324
Windle Wealth
Oklahoma
– -$225K -8,047 Closed
FFG
325
Fiduciary Financial Group
California
– -$219K -8,017 Closed
11 12
13
14 15

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.