Grayscale Ethereum Staking ETF Shares
ETHE
288 hedge funds and large institutions have $167M invested in Grayscale Ethereum Staking ETF Shares in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 50 increasing their positions, 96 reducing their positions, and 27 closing their positions.
170% more call options, than puts
Call options by funds: $18.5M | Put options by funds: $6.86M
22% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 27
13% more capital invested
Capital invested by funds: $148M → $167M (+$18.8M)
1% more funds holding
Funds holding: 284 → 288 (+4)
0.86% less ownership
Funds ownership: 6.68% → 5.82% (-0.86%)
48% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 96
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.04M |
| 2 |
SG
StoneX Group
New York
|
+$2.04M |
| 3 |
Jane Street
New York
|
+$1.36M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$1.32M |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$771K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
-$23.1M |
| 2 |
Wealthfront Advisers
Palo Alto,
California
|
-$2.29M |
| 3 |
MAMNY
Marathon Asset Management (New York)
New York
|
-$1.52M |
| 4 |
MG
Marex Group
London,
|
-$1.24M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.16M |
ETHE Hedge Fund Activity: Q2 2025 in Review
288 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Grayscale Ethereum Staking ETF Shares (ETHE) for Q2 2025, worth a combined $167M — up 13% from $148M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new ETHE positions and 27 closed out — a net gain of 6 holders — while 50 added to existing stakes and 96 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $3.04M. The largest seller was DRW Securities, exiting entirely with an estimated $23.1M sold.
- 288 institutional investors held Grayscale Ethereum Staking ETF Shares (ETHE) as of Q2 2025, up from 284 in Q1 2025.
- Funds reported $167M of Grayscale Ethereum Staking ETF Shares stock for Q2 2025, up 13% quarter-over-quarter.
- 33 funds opened new Grayscale Ethereum Staking ETF Shares positions in Q2 2025 and 27 closed out, a net change of +6 holders.
- The largest Grayscale Ethereum Staking ETF Shares buyer in Q2 2025 was Citadel Advisors, an estimated $3.04M added.
- The largest Grayscale Ethereum Staking ETF Shares seller in Q2 2025 was DRW Securities, an estimated $23.1M sold.
Based on aggregated 13F filings for Q2 2025.