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.
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)
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
Bala Cynwyd,
Pennsylvania
|
+$1.98M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
+$1.65M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Pantera Capital Partners
San Francisco,
California
|
-$9.77M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$1.8M |
| 3 |
Jane Street
New York
|
-$1.58M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$414K |
| 5 |
CA
Claro Advisors
Boston,
Massachusetts
|
-$281K |
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.