2x Ether ETF
ETHU
51 hedge funds and large institutions have $214M invested in 2x Ether ETF in 2025 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 9 closing their positions.
493% more capital invested
Capital invested by funds: $36.1M → $214M (+$178M)
233% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 9
65% more funds holding
Funds holding: 31 → 51 (+20)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
14% more call options, than puts
Call options by funds: $289M | Put options by funds: $254M
5.68% more ownership
Funds ownership: 3.41% → 9.09% (+5.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
CloudAlpha Capital Management
Hong Kong
|
+$62.3M |
| 2 |
Jane Street
New York
|
+$58.2M |
| 3 |
YRHAM
Yong Rong (HK) Asset Management
Sheung Wan,
Hong Kong
|
+$35.6M |
| 4 |
TCM
Thames Capital Management
Roseland,
New Jersey
|
+$15.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWMI
Legacy Wealth Management (Idaho)
Boise,
Idaho
|
-$9.82M |
| 2 |
VF
Virtu Financial
New York
|
-$9.7M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
-$5.09M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$2.07M |
| 5 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$425K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WOC
51
West Oak Capital
Westlake Village,
California
| $26 | +$2.54K | +20 | New |
|
|
VF
52
Virtu Financial
New York
| – | -$9.7M | -171,293 | Closed |
|
|
JF
53
Jump Financial
Chicago,
Illinois
| – | -$5.09M | -90,003 | Closed |
|
|
FTUS
54
Flow Traders U.S.
New York
| – | -$2.07M | -36,590 | Closed |
|
|
G
55
Gainplan
Bloomfield Hills,
Michigan
| – | -$425K | -7,500 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$145K | -2,569 | Closed |
|
57
Group One Trading
Chicago,
Illinois
| – | -$131K | -2,316 | Closed |
|
58
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$57K | -1,007 | Closed |
|
|
CTA
59
Colonial Trust Advisors
Spartanburg,
South Carolina
| – | -$1.7K | -30 | Closed |
|
60
Belvedere Trading
Chicago,
Illinois
| – | -$254 | -2 | Closed |
|
ETHU Hedge Fund Activity: Q3 2025 in Review
51 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in 2x Ether ETF (ETHU) for Q3 2025, worth a combined $214M — up 493% from $36.1M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new ETHU positions and 9 closed out — a net gain of 21 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was CloudAlpha Capital Management, opening a new position worth an estimated $62.3M. The largest seller was Legacy Wealth Management (Idaho), cutting an estimated $9.82M.
- 51 institutional investors held 2x Ether ETF (ETHU) as of Q3 2025, up from 31 in Q2 2025.
- Funds reported $214M of 2x Ether ETF stock for Q3 2025, up 493% quarter-over-quarter.
- 30 funds opened new 2x Ether ETF positions in Q3 2025 and 9 closed out, a net change of +21 holders.
- The largest 2x Ether ETF buyer in Q3 2025 was CloudAlpha Capital Management, an estimated $62.3M added.
- The largest 2x Ether ETF seller in Q3 2025 was Legacy Wealth Management (Idaho), an estimated $9.82M sold.
Based on aggregated 13F filings for Q3 2025.