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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$23.1M |
| 2 |
VCM
Verde Capital Management
Clarkston,
Michigan
|
+$3.57M |
| 3 |
MAMNY
Marathon Asset Management (New York)
New York
|
+$2.2M |
| 4 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
+$2.18M |
| 5 |
MG
Marex Group
London,
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$19.4M |
| 2 |
UCMOK
United Capital Management of KS
Salina,
Kansas
|
-$12.5M |
| 3 |
VF
Virtu Financial
New York
|
-$5.25M |
| 4 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$5.06M |
| 5 |
Jane Street
New York
|
-$3.8M |
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.