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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
VHAM
26
Van Hulzen Asset Management
California
$1.23M -$19.8K -900 -1%
Jane Street
27
Jane Street
New York
$1.23M -$3.8M -172,762 -68%
BPA
28
Beacon Pointe Advisors
California
$1.2M -$83.3K -3,785 -5%
Wealth Enhancement Advisory Services
29
Wealth Enhancement Advisory Services
Minnesota
$1.16M -$127K -5,767 -7%
AAS
30
Avantax Advisory Services
Texas
$1.11M +$946K +43,018 +144%
MA
31
MONECO Advisors
Connecticut
$1.09M -$1.67M -75,950 -52%
HighTower Advisors
32
HighTower Advisors
Illinois
$1.04M -$299K -13,575 -17%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$1.03M -$902K -41,021 -38%
IP
34
Intellectus Partners
California
$1.02M -$115K -5,250 -7%
IFG
35
Independent Financial Group
California
$940K -$1.02M -46,534 -43%
CAM
36
Cresset Asset Management
Illinois
$858K -$2.52M -114,356 -67%
ICP
37
Interchange Capital Partners
Pennsylvania
$821K +$13.8K +627 +1%
PWC
38
PYA Waltman Capital
Tennessee
$770K -$28.4K -1,291 -2%
KWA
39
Kingswood Wealth Advisors
California
$767K -$661K -30,025 -37%
IECM
40
Intrinsic Edge Capital Management
Illinois
$761K – – –
Creative Planning
41
Creative Planning
Kansas
$760K +$57.9K +2,633 +6%
USCWA
42
U.S. Capital Wealth Advisors
Texas
$751K -$349K -15,869 -24%
SF
43
Synovus Financial
Georgia
$747K -$75.2K -3,417 -7%
TM
44
TigerOak Management
New Mexico
$742K -$50.6K -2,300 -5%
AWA
45
Arkadios Wealth Advisors
Georgia
$740K +$34.5K +1,569 +3%
CAPTRUST Financial Advisors
46
CAPTRUST Financial Advisors
North Carolina
$679K -$89.7K -4,079 -8%
BCM
47
Beck Capital Management
Texas
$674K -$749K -34,045 -43%
PFG
48
Prosperity Financial Group
California
$648K -$44K -2,000 -4%
Citadel Advisors
49
Citadel Advisors
Florida
$638K +$922K +41,890 New
SA
50
Strategic Advocates
Utah
$614K +$8.82K +401 +1%
1
2
3 4 5

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.