We are live on ! Find out more
ETHW

Bitwise Ethereum ETF
ETHW

87 hedge funds and large institutions have $123M invested in Bitwise Ethereum ETF in 2025 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 33 increasing their positions, 7 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

874% more call options, than puts

Call options by funds: $16M | Put options by funds: $1.65M

371% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 7

300% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 9

45% more funds holding

Funds holding: 60 → 87 (+27)

37% more capital invested

Capital invested by funds: $90.2M → $123M (+$33.2M)

36.95% less ownership

Funds ownership: 36.95% → 0% (-37%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
87
Holders Change
+27
Holders Change %
+45%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
36
Increased
33
Reduced
7
Closed
9
Calls
$16M
Puts
$1.65M
Net Calls
+$14.4M
Net Calls Change
+$13.7M

Top Buyers

Rank Fund Capital Flow
1
HI
HBK Investments
Texas
+$8.87M
2
HHGC
Hunting Hill Global Capital
New York
+$6.92M
3
SSA
Schonfeld Strategic Advisors
New York
+$5.98M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.34M
5
IMC Chicago
IMC Chicago
Illinois
+$2.59M

Top Sellers

Rank Fund Capital Flow
1
PC
ParaFi Capital
New York
-$32.9M
2
EC
Elequin Capital
New York
-$8.34M
3
PAG
Private Advisor Group
New Jersey
-$1.88M
4
OMC
Old Mission Capital
Illinois
-$1.62M
5
QC
Quadrature Capital
United Kingdom
-$561K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
1
HBK Investments
Texas
$24.9M +$8.87M +315,345 +61%
SSA
2
Schonfeld Strategic Advisors
New York
$21.3M +$5.98M +212,700 +43%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$8.63M +$3.34M +118,683 +70%
HHGC
4
Hunting Hill Global Capital
New York
$7.34M +$6.92M +246,156 New
BWA
5
Beam Wealth Advisors
Louisiana
$5.46M +$423K +15,060 +9%
Millennium Management
6
Millennium Management
New York
$4.29M – – –
Betterment LLC
7
Betterment LLC
New York
$3.69M -$67.9K -2,415 -2%
CCFM
8
Clear Creek Financial Management
Washington
$3.41M +$883K +31,420 +38%
IMC Chicago
9
IMC Chicago
Illinois
$2.75M +$2.59M +92,196 New
IC
10
IEQ Capital
California
$2.52M +$49.6K +1,763 +2%
USCWA
11
U.S. Capital Wealth Advisors
Texas
$2.13M +$668K +23,750 +50%
SPIA
12
Steward Partners Investment Advisory
New York
$1.99M +$1.66M +59,036 +765%
Simplex Trading
13
Simplex Trading
Illinois
$1.94M +$1.8M +63,996 +5,970%
CA
14
Claro Advisors
Massachusetts
$1.86M -$86.1K -3,061 -5%
Citadel Advisors
15
Citadel Advisors
Florida
$1.8M +$1.16M +41,403 +217%
SIA
16
Soltis Investment Advisors
Utah
$1.8M +$370K +13,157 +28%
VF
17
Virtu Financial
New York
$1.48M +$1.39M +49,502 New
WWM
18
Wiser Wealth Management
Georgia
$1.47M +$60.9K +2,166 +5%
MIH
19
Meitav Investment House
Israel
$1.34M +$1.27M +45,063 New
RL
20
RPO LLC
Connecticut
$1.27M +$1.2M +42,600 New
HWP
21
Highline Wealth Partners
California
$1.07M +$21.6K +769 +2%
UW
22
Unique Wealth
Florida
$1.05M +$986K +35,067 New
QFMHK
23
Q Fund Management (Hong Kong)
$1.04M – – –
MCA
24
Magnolia Capital Advisors
Mississippi
$931K -$294K -10,444 -25%
BOPW
25
Brandywine Oak Private Wealth
Pennsylvania
$846K +$17.1K +610 +2%
1
2 3 4

ETHW Hedge Fund Activity: Q3 2025 in Review

87 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Bitwise Ethereum ETF (ETHW) for Q3 2025, worth a combined $123M — up 37% from $90.2M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new ETHW positions and 9 closed out — a net gain of 27 holders — while 33 added to existing stakes and 7 trimmed.

The largest buyer was HBK Investments, adding an estimated $8.87M. The largest seller was ParaFi Capital, exiting entirely with an estimated $32.9M sold.

  • 87 institutional investors held Bitwise Ethereum ETF (ETHW) as of Q3 2025, up from 60 in Q2 2025.
  • Funds reported $123M of Bitwise Ethereum ETF stock for Q3 2025, up 37% quarter-over-quarter.
  • 36 funds opened new Bitwise Ethereum ETF positions in Q3 2025 and 9 closed out, a net change of +27 holders.
  • The largest Bitwise Ethereum ETF buyer in Q3 2025 was HBK Investments, an estimated $8.87M added.
  • The largest Bitwise Ethereum ETF seller in Q3 2025 was ParaFi Capital, an estimated $32.9M sold.

Based on aggregated 13F filings for Q3 2025.