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ETHE

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
335
Holders Change
+47
Holders Change %
+16.32%
% of All Funds
4.4%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
85
Increased
62
Reduced
90
Closed
32
Calls
$150M
Puts
$67.5M
Net Calls
+$82.3M
Net Calls Change
+$70.7M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$24M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$12.5M
3
IMC Chicago
IMC Chicago
Illinois
+$6.12M
4
TAM
Titleist Asset Management
Texas
+$5.43M
5
JF
Jump Financial
Illinois
+$5.12M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$6.75M
2
Wealthfront Advisers
Wealthfront Advisers
California
-$4.59M
3
SG
StoneX Group
New York
-$3.5M
4
RBC
Rye Brook Capital
Connecticut
-$3.42M
5
Group One Trading
Group One Trading
Illinois
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
SEM
101
Suncoast Equity Management
Florida
$668K – – –
PWA
102
Prairie Wealth Advisors
Nebraska
$662K -$5.34K -165 -0.8%
NS
103
NBC Securities
Alabama
$659K -$4.86K -150 -0.8%
LFG
104
Larson Financial Group
Missouri
$652K +$76.8K +2,372 +14%
KP
105
Keel Point
Alabama
$649K +$613K +18,942 New
SCM
106
Stevens Capital Management
Pennsylvania
$648K +$48.5K +1,499 +9%
MCIA
107
Mountain Capital Investment Advisors
Colorado
$641K -$97 -3 -0%
BCM
108
Barometer Capital Management
Ontario, Canada
$637K +$602K +18,600 New
PWM
109
Perigon Wealth Management
California
$618K -$8.25K -255 -1%
DA
110
Doliver Advisors
Texas
$612K -$66.7K -2,061 -10%
SFC
111
Strategic Financial Concepts
Texas
$604K -$4.43K -137 -0.8%
CIA
112
Compass Ion Advisors
Pennsylvania
$597K -$18.7K -578 -3%
PFS
113
Prospera Financial Services
Texas
$584K +$40.8K +1,261 +8%
PTC
114
Philadelphia Trust Company
Pennsylvania
$571K – – –
MHWM
115
Montz Harcus Wealth Management
Louisiana
$559K – – –
LWL
116
Leo Wealth LLC
Texas
$556K -$129K -3,994 -20%
FAM
117
Formidable Asset Management
Ohio
$554K -$35.1K -1,085 -4%
AA
118
Ancora Advisors
Ohio
$552K +$55.4K +1,713 +12%
ZIG
119
Zuckerman Investment Group
Illinois
$548K – – –
VFA
120
Valeo Financial Advisors
Indiana
$544K -$159K -4,925 -24%
CWM
121
Circle Wealth Management
New Jersey
$526K – – –
AV
122
Alamea Verwaltungs
New Jersey
$514K – – –
BCP
123
Blackhawk Capital Partners
Wisconsin
$502K – – –
CA
124
Claro Advisors
Massachusetts
$481K – – –
STB
125
S&T Bank
Pennsylvania
$480K – – –
3 4
5
6 7

ETHE Hedge Fund Activity: Q3 2025 in Review

335 of the 7,619 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.