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ETHW

Bitwise Ethereum ETF
ETHW

60 hedge funds and large institutions have $90.2M invested in Bitwise Ethereum ETF in 2025 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 21 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

250% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 6

85% more call options, than puts

Call options by funds: $1.43M | Put options by funds: $774K

60% more capital invested

Capital invested by funds: $56.3M → $90.2M (+$33.9M)

30% more funds holding

Funds holding: 46 → 60 (+14)

4.55% more ownership

Funds ownership: 32.4% → 36.95% (+4.5%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
60
Holders Change
+14
Holders Change %
+30.43%
% of All Funds
0.79%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
18
Increased
21
Reduced
6
Closed
4
Calls
$1.43M
Puts
$774K
Net Calls
+$659K
Net Calls Change
+$659K

Top Buyers

Rank Fund Capital Flow
1
SSA
Schonfeld Strategic Advisors
New York
+$7.88M
2
EC
Elequin Capital
New York
+$7.25M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.98M
4
HI
HBK Investments
Texas
+$1.65M
5
PAG
Private Advisor Group
New Jersey
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
PCP
Pantera Capital Partners
California
-$9.77M
2
QC
Quadrature Capital
United Kingdom
-$1.8M
3
Jane Street
Jane Street
New York
-$1.58M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$414K
5
CA
Claro Advisors
Massachusetts
-$281K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
26
Belpointe Asset Management
Nevada
$352K +$46.2K +2,930 +18%
Citadel Advisors
27
Citadel Advisors
Florida
$345K +$300K +19,077 New
FCG
28
Fielder Capital Group
Tennessee
$337K +$294K +18,636 New
SA
29
Sanctuary Advisors
Indiana
$322K +$116K +7,351 +70%
PWM
30
Perigon Wealth Management
California
$291K – – –
OC
31
OxenFree Capital
Florida
$255K +$3.73K +237 +2%
KP
32
Keel Point
Alabama
$223K +$4.47K +284 +2%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$222K +$194K +12,299 New
MGIA
34
Moneta Group Investment Advisors
Missouri
$217K +$31.2K +1,981 +20%
BCM
35
Brookstone Capital Management
Illinois
$210K +$12.9K +820 +8%
CCA
36
Clearwater Capital Advisors
Illinois
$204K +$1.97K +125 +1%
AWA
37
Arete Wealth Advisors
Illinois
$198K +$173K +10,970 New
CW
38
CreativeOne Wealth
Kansas
$197K +$172K +10,895 New
CAI
39
Capital Advisors Inc
Oklahoma
$187K – – –
MML Investors Services
40
MML Investors Services
Massachusetts
$182K +$159K +10,090 New
RIL
41
Rothschild Investment LLC
Illinois
$163K – – –
FFA
42
Farther Finance Advisors
California
$161K +$130K +8,237 +1,211%
SPIA
43
Steward Partners Investment Advisory
New York
$139K +$122K +7,717 New
Group One Trading
44
Group One Trading
Illinois
$108K +$94K +5,966 New
Osaic Holdings
45
Osaic Holdings
Arizona
$65.8K +$57.4K +3,642 New
MCM
46
MAI Capital Management
Ohio
$38.5K – – –
RJA
47
Ross\Johnson & Associates
Minnesota
$27.1K – – –
BHWM
48
Beaird Harris Wealth Management
Texas
$19.3K – – –
Simplex Trading
49
Simplex Trading
Illinois
$19K +$16.9K +1,072 New
PWAM
50
Private Wealth Asset Management
Iowa
$18.1K – – –
1
2
3

ETHW Hedge Fund Activity: Q2 2025 in Review

60 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Bitwise Ethereum ETF (ETHW) for Q2 2025, worth a combined $90.2M — up 60% from $56.3M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ETHW positions and 4 closed out — a net gain of 14 holders — while 21 added to existing stakes and 6 trimmed.

The largest buyer was Schonfeld Strategic Advisors, opening a new position worth an estimated $7.88M. The largest seller was Pantera Capital Partners, exiting entirely with an estimated $9.77M sold.

  • 60 institutional investors held Bitwise Ethereum ETF (ETHW) as of Q2 2025, up from 46 in Q1 2025.
  • Funds reported $90.2M of Bitwise Ethereum ETF stock for Q2 2025, up 60% quarter-over-quarter.
  • 18 funds opened new Bitwise Ethereum ETF positions in Q2 2025 and 4 closed out, a net change of +14 holders.
  • The largest Bitwise Ethereum ETF buyer in Q2 2025 was Schonfeld Strategic Advisors, an estimated $7.88M added.
  • The largest Bitwise Ethereum ETF seller in Q2 2025 was Pantera Capital Partners, an estimated $9.77M sold.

Based on aggregated 13F filings for Q2 2025.