Fidelity Ethereum Fund
FETH
68 hedge funds and large institutions have $273M invested in Fidelity Ethereum Fund in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 14 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
1% more funds holding
Funds holding: 67 → 68 (+1)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
15.36% less ownership
Funds ownership: 53.01% → 37.65% (-15%)
66% less capital invested
Capital invested by funds: $815M → $273M (-$541M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
+$43.9M |
| 2 |
Goldman Sachs
New York
|
+$21.9M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$14.7M |
| 4 |
UCMOK
United Capital Management of KS
Salina,
Kansas
|
+$11.8M |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
+$3.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$255M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$31.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.2M |
| 4 |
D.E. Shaw & Co
New York
|
-$12.1M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$9.91M |
FETH Hedge Fund Activity: Q1 2025 in Review
68 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Fidelity Ethereum Fund (FETH) for Q1 2025, worth a combined $273M — down 66% from $815M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FETH positions and 14 closed out — a net gain of 1 holder — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Capula Management, opening a new position worth an estimated $43.9M. The largest seller was Jane Street, cutting an estimated $255M.
- 68 institutional investors held Fidelity Ethereum Fund (FETH) as of Q1 2025, up from 67 in Q4 2024.
- Funds reported $273M of Fidelity Ethereum Fund stock for Q1 2025, down 66% quarter-over-quarter.
- 15 funds opened new Fidelity Ethereum Fund positions in Q1 2025 and 14 closed out, a net change of +1 holder.
- The largest Fidelity Ethereum Fund buyer in Q1 2025 was Capula Management, an estimated $43.9M added.
- The largest Fidelity Ethereum Fund seller in Q1 2025 was Jane Street, an estimated $255M sold.
Based on aggregated 13F filings for Q1 2025.