Fidelity Ethereum Fund
FETH
157 hedge funds and large institutions have $843M invested in Fidelity Ethereum Fund in 2025 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 53 increasing their positions, 34 reducing their positions, and 35 closing their positions.
124% more call options, than puts
Call options by funds: $22M | Put options by funds: $9.86M
56% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 34
34% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 35
7% more funds holding
Funds holding: 147 → 157 (+10)
31% less capital invested
Capital invested by funds: $1.23B → $843M (-$385M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$33.5M |
| 2 |
VF
Virtu Financial
New York
|
+$7.59M |
| 3 |
Renaissance Technologies
New York
|
+$5.05M |
| 4 |
BWM
BNC Wealth Management
Beaverton,
Oregon
|
+$4.99M |
| 5 |
KPWM
KDK Private Wealth Management
Houston,
Texas
|
+$4.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$59M |
| 2 |
KCM
Kedalion Capital Management
London,
United Kingdom
|
-$18M |
| 3 |
HHGC
Hunting Hill Global Capital
New York
|
-$14.7M |
| 4 |
Goldman Sachs
New York
|
-$8.87M |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
-$8.8M |
FETH Hedge Fund Activity: Q4 2025 in Review
157 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Fidelity Ethereum Fund (FETH) for Q4 2025, worth a combined $843M — down 31% from $1.23B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new FETH positions and 35 closed out — a net gain of 12 holders — while 53 added to existing stakes and 34 trimmed.
The largest buyer was Millennium Management, adding an estimated $33.5M. The largest seller was Jane Street, cutting an estimated $59M.
- 157 institutional investors held Fidelity Ethereum Fund (FETH) as of Q4 2025, up from 147 in Q3 2025.
- Funds reported $843M of Fidelity Ethereum Fund stock for Q4 2025, down 31% quarter-over-quarter.
- 47 funds opened new Fidelity Ethereum Fund positions in Q4 2025 and 35 closed out, a net change of +12 holders.
- The largest Fidelity Ethereum Fund buyer in Q4 2025 was Millennium Management, an estimated $33.5M added.
- The largest Fidelity Ethereum Fund seller in Q4 2025 was Jane Street, an estimated $59M sold.
Based on aggregated 13F filings for Q4 2025.