Fidelity Ethereum Fund
FETH
77 hedge funds and large institutions have $471M invested in Fidelity Ethereum Fund in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 27 increasing their positions, 8 reducing their positions, and 14 closing their positions.
238% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 8
151% more call options, than puts
Call options by funds: $6.49M | Put options by funds: $2.59M
72% more capital invested
Capital invested by funds: $273M → $471M (+$197M)
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
13% more funds holding
Funds holding: 68 → 77 (+9)
6.69% more ownership
Funds ownership: 37.65% → 44.34% (+6.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$42.9M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$14.3M |
| 3 |
Jane Street
New York
|
+$10.9M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
+$10.5M |
| 5 |
EC
Elequin Capital
New York
|
+$9.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
-$11.2M |
| 2 |
D.E. Shaw & Co
New York
|
-$9.66M |
| 3 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$2.23M |
| 4 |
Betterment LLC
New York
|
-$1.07M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$917K |
FETH Hedge Fund Activity: Q2 2025 in Review
77 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Fidelity Ethereum Fund (FETH) for Q2 2025, worth a combined $471M — up 72% from $273M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FETH positions and 14 closed out — a net gain of 10 holders — while 27 added to existing stakes and 8 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $42.9M. The largest seller was DRW Securities, exiting entirely with an estimated $11.2M sold.
- 77 institutional investors held Fidelity Ethereum Fund (FETH) as of Q2 2025, up from 68 in Q1 2025.
- Funds reported $471M of Fidelity Ethereum Fund stock for Q2 2025, up 72% quarter-over-quarter.
- 24 funds opened new Fidelity Ethereum Fund positions in Q2 2025 and 14 closed out, a net change of +10 holders.
- The largest Fidelity Ethereum Fund buyer in Q2 2025 was Goldman Sachs, an estimated $42.9M added.
- The largest Fidelity Ethereum Fund seller in Q2 2025 was DRW Securities, an estimated $11.2M sold.
Based on aggregated 13F filings for Q2 2025.