Bitwise Ethereum ETF
ETHW
97 hedge funds and large institutions have $48M invested in Bitwise Ethereum ETF in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 44 increasing their positions, 18 reducing their positions, and 13 closing their positions.
70,100% more call options, than puts
Call options by funds: $3.51M | Put options by funds: $5K
144% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 18
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
8% more funds holding
Funds holding: 90 → 97 (+7)
1.7% less ownership
Funds ownership: 22.63% → 20.93% (-1.7%)
38% less capital invested
Capital invested by funds: $77.2M → $48M (-$29.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.76M |
| 2 |
SCA
Snowden Capital Advisors
New York
|
+$2.34M |
| 3 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
+$1.61M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$1.22M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
-$17.7M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$6.77M |
| 3 |
Millennium Management
New York
|
-$3.06M |
| 4 |
Renaissance Technologies
New York
|
-$1.08M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$920K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QFMHK
101
Q Fund Management (Hong Kong)
Hong Kong,
| – | -$744K | -35,000 | Closed |
|
102
Simplex Trading
Chicago,
Illinois
| – | -$337K | -19,683 | Closed |
|
|
IFWM
103
Institute for Wealth Management
Denver,
Colorado
| – | -$271K | -12,724 | Closed |
|
|
KAS
104
Kestra Advisory Services
Austin,
Texas
| – | -$114K | -5,374 | Closed |
|
|
DT
105
DV Trading
Chicago,
Illinois
| – | -$11.8K | -554 | Closed |
|
|
EPG
106
Estate Planners Group
Yardley,
Pennsylvania
| – | -$10.6K | -500 | Closed |
|
107
US Bancorp
Minneapolis,
Minnesota
| – | -$9.8K | -461 | Closed |
|
|
WWA
108
Wealth Watch Advisors
Englewood,
Colorado
| – | -$4.93K | -232 | Closed |
|
109
Group One Trading
Chicago,
Illinois
| – | -$1.85K | -108 | Closed |
|
|
BCMIO
110
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$1.17K | -55 | Closed |
|
ETHW Hedge Fund Activity: Q1 2026 in Review
97 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Bitwise Ethereum ETF (ETHW) for Q1 2026, worth a combined $48M — down 38% from $77.2M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new ETHW positions and 13 closed out — a net gain of 7 holders — while 44 added to existing stakes and 18 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $3.76M. The largest seller was HBK Investments, exiting entirely with an estimated $17.7M sold.
- 97 institutional investors held Bitwise Ethereum ETF (ETHW) as of Q1 2026, up from 90 in Q4 2025.
- Funds reported $48M of Bitwise Ethereum ETF stock for Q1 2026, down 38% quarter-over-quarter.
- 20 funds opened new Bitwise Ethereum ETF positions in Q1 2026 and 13 closed out, a net change of +7 holders.
- The largest Bitwise Ethereum ETF buyer in Q1 2026 was Susquehanna International Group, an estimated $3.76M added.
- The largest Bitwise Ethereum ETF seller in Q1 2026 was HBK Investments, an estimated $17.7M sold.
Based on aggregated 13F filings for Q1 2026.