Bitwise Ethereum ETF
ETHW
61 hedge funds and large institutions have $95M invested in Bitwise Ethereum ETF in 2025 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 22 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
267% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 6
107% more capital inflows, than outflows
Capital inflows: $29.2M | Capital outflows: $14.1M
85% more call options, than puts
Call options by funds: $1.43M | Put options by funds: $774K
30% more funds holding
Funds holding: 47 → 61 (+14)
3.87% less ownership
Funds ownership: 33.58% → 29.71% (-3.9%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schonfeld Strategic Advisors
New York
|
+$7.88M |
| 2 |
Elequin Capital
New York
|
+$7.25M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.98M |
| 4 |
Innovative Advisory Group
Lexington,
Massachusetts
|
+$1.68M |
| 5 |
HBK Investments
Dallas,
Texas
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pantera Capital Partners
San Francisco,
California
|
-$9.8M |
| 2 |
Quadrature Capital
London,
United Kingdom
|
-$1.8M |
| 3 |
Jane Street
New York
|
-$1.58M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$414K |
| 5 |
Claro Advisors
Boston,
Massachusetts
|
-$281K |
ETHW Hedge Fund Activity: Q2 2025 in Review
61 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Bitwise Ethereum ETF (ETHW) for Q2 2025, worth a combined $95M — up 63% from $58.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ETHW positions and 4 closed out — a net gain of 14 holders — while 22 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 $9.8M sold.
- 61 institutional investors held Bitwise Ethereum ETF (ETHW) as of Q2 2025, up from 47 in Q1 2025.
- Funds reported $95M of Bitwise Ethereum ETF stock for Q2 2025, up 63% 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 $9.8M sold.
Based on aggregated 13F filings for Q2 2025.