2x Ether ETF
ETHU
38 hedge funds and large institutions have $63.6M invested in 2x Ether ETF in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 24 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
54% more call options, than puts
Call options by funds: $116M | Put options by funds: $75.3M
5.19% less ownership
Funds ownership: 9.09% → 3.9% (-5.2%)
25% less funds holding
Funds holding: 51 → 38 (-13)
46% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 24
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
70% less capital invested
Capital invested by funds: $214M → $63.6M (-$151M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$33.8M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$7.66M |
| 3 |
VF
Virtu Financial
New York
|
+$4.11M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
+$3.99M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$3.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
CloudAlpha Capital Management
Hong Kong
|
-$63.7M |
| 2 |
YRHAM
Yong Rong (HK) Asset Management
Sheung Wan,
Hong Kong
|
-$36.4M |
| 3 |
TCM
Thames Capital Management
Roseland,
New Jersey
|
-$16.3M |
| 4 |
Jane Street
New York
|
-$16.1M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFA
51
Beaumont Financial Advisors
Needham,
Massachusetts
| – | -$376K | -2,898 | Closed |
|
52
UBS Group
Zurich,
Switzerland
| – | -$331K | -2,547 | Closed |
|
53
Mercer Global Advisors
Denver,
Colorado
| – | -$255K | -1,960 | Closed |
|
|
AWE
54
Avidian Wealth Enterprises
Houston,
Texas
| – | -$246K | -1,898 | Closed |
|
|
PL
55
Plancorp LLC
Saint Louis,
Missouri
| – | -$243K | -1,875 | Closed |
|
|
SA
56
Sanctuary Advisors
Indianapolis,
Indiana
| – | -$241K | -1,856 | Closed |
|
|
NA
57
NewEdge Advisors
New Orleans,
Louisiana
| – | -$231K | -1,775 | Closed |
|
58
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$29K | -220 | Closed |
|
|
OP
59
ORG Partners
Roanoke,
Indiana
| – | -$14.7K | -113 | Closed |
|
|
S
60
SignatureFD
Atlanta,
Georgia
| – | -$6.49K | -50 | Closed |
|
|
WANY
61
Wealthspire Advisors (New York)
New York
| – | -$910 | -7 | Closed |
|
ETHU Hedge Fund Activity: Q4 2025 in Review
38 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in 2x Ether ETF (ETHU) for Q4 2025, worth a combined $63.6M — down 70% from $214M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of ETHU and 13 opened new positions — a net loss of 11 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was DRW Securities, adding an estimated $33.8M. The largest seller was CloudAlpha Capital Management, exiting entirely with an estimated $63.7M sold.
- 38 institutional investors held 2x Ether ETF (ETHU) as of Q4 2025, down from 51 in Q3 2025.
- Funds reported $63.6M of 2x Ether ETF stock for Q4 2025, down 70% quarter-over-quarter.
- 13 funds opened new 2x Ether ETF positions in Q4 2025 and 24 closed out, a net change of -11 holders.
- The largest 2x Ether ETF buyer in Q4 2025 was DRW Securities, an estimated $33.8M added.
- The largest 2x Ether ETF seller in Q4 2025 was CloudAlpha Capital Management, an estimated $63.7M sold.
Based on aggregated 13F filings for Q4 2025.