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ETHW

Bitwise Ethereum ETF
ETHW

90 hedge funds and large institutions have $77.2M invested in Bitwise Ethereum ETF in 2025 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 12 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,473% more call options, than puts

Call options by funds: $15.2M | Put options by funds: $964K

208% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 12

22.63% more ownership

Funds ownership: 0% → 22.63% (+23%)

20% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 20

3% more funds holding

Funds holding: 87 → 90 (+3)

37% less capital invested

Capital invested by funds: $123M → $77.2M (-$46.2M)

Holders
90
Holders Change
+3
Holders Change %
+3.45%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
37
Reduced
12
Closed
20
Calls
$15.2M
Puts
$964K
Net Calls
+$14.2M
Net Calls Change
-$202K

Top Buyers

Rank Fund Capital Flow
1
QC
Quadrature Capital
United Kingdom
+$7.88M
2
Wells Fargo
Wells Fargo
California
+$4.63M
3
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$3.61M
4
Renaissance Technologies
Renaissance Technologies
New York
+$2.16M
5
CAMG
CWA Asset Management Group
Florida
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
SSA
Schonfeld Strategic Advisors
New York
-$21.3M
2
HHGC
Hunting Hill Global Capital
New York
-$7.34M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$7.17M
4
IMC Chicago
IMC Chicago
Illinois
-$2.28M
5
VF
Virtu Financial
New York
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
1
HBK Investments
Texas
$17.7M – – –
QC
2
Quadrature Capital
United Kingdom
$6.77M +$7.88M +318,127 New
BWA
3
Beam Wealth Advisors
Louisiana
$4.16M +$303K +12,227 +7%
Wells Fargo
4
Wells Fargo
California
$3.97M +$4.63M +186,763 +373,526%
CCFM
5
Clear Creek Financial Management
Washington
$3.16M +$851K +34,338 +30%
Focus Partners Wealth
6
Focus Partners Wealth
Massachusetts
$3.09M +$3.61M +145,485 New
Millennium Management
7
Millennium Management
New York
$3.06M – – –
Betterment LLC
8
Betterment LLC
New York
$2.65M +$18.5K +747 +0.6%
IC
9
IEQ Capital
California
$2.25M +$529K +21,365 +25%
Renaissance Technologies
10
Renaissance Technologies
New York
$1.85M +$2.16M +87,100 New
USCWA
11
U.S. Capital Wealth Advisors
Texas
$1.66M +$173K +7,000 +10%
SIA
12
Soltis Investment Advisors
Utah
$1.64M +$416K +16,796 +28%
Citadel Advisors
13
Citadel Advisors
Florida
$1.39M +$121K +4,894 +8%
CA
14
Claro Advisors
Massachusetts
$1.33M +$2.92K +118 +0.2%
WWM
15
Wiser Wealth Management
Georgia
$1.28M +$277K +11,185 +23%
CAMG
16
CWA Asset Management Group
Florida
$1.21M +$1.41M +56,763 New
UW
17
Unique Wealth
Florida
$1.1M +$417K +16,830 +48%
MIH
18
Meitav Investment House
Israel
$1.07M +$134K +5,427 +12%
SPIA
19
Steward Partners Investment Advisory
New York
$1.06M -$419K -16,926 -25%
HWP
20
Highline Wealth Partners
California
$810K +$52.8K +2,132 +6%
QFMHK
21
Q Fund Management (Hong Kong)
$744K – – –
MCA
22
Magnolia Capital Advisors
Mississippi
$709K +$52.9K +2,133 +7%
AI
23
Atria Investments
North Carolina
$690K +$214K +8,627 +36%
OC
24
Optima Capital
Oregon
$582K +$322K +12,993 +90%
BOPW
25
Brandywine Oak Private Wealth
Pennsylvania
$579K -$28.4K -1,147 -4%
1
2 3 4 5

ETHW Hedge Fund Activity: Q4 2025 in Review

90 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Bitwise Ethereum ETF (ETHW) for Q4 2025, worth a combined $77.2M — down 37% from $123M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new ETHW positions and 20 closed out — a net gain of 4 holders — while 37 added to existing stakes and 12 trimmed.

The largest buyer was Quadrature Capital, opening a new position worth an estimated $7.88M. The largest seller was Schonfeld Strategic Advisors, exiting entirely with an estimated $21.3M sold.

  • 90 institutional investors held Bitwise Ethereum ETF (ETHW) as of Q4 2025, up from 87 in Q3 2025.
  • Funds reported $77.2M of Bitwise Ethereum ETF stock for Q4 2025, down 37% quarter-over-quarter.
  • 24 funds opened new Bitwise Ethereum ETF positions in Q4 2025 and 20 closed out, a net change of +4 holders.
  • The largest Bitwise Ethereum ETF buyer in Q4 2025 was Quadrature Capital, an estimated $7.88M added.
  • The largest Bitwise Ethereum ETF seller in Q4 2025 was Schonfeld Strategic Advisors, an estimated $21.3M sold.

Based on aggregated 13F filings for Q4 2025.