I
iShares Ethereum Trust
ETHA • XNAS
iShares Ethereum Trust is a publicly traded company on XNAS. As of Q3 2025, 455 institutional investors hold shares in this company, with total holdings valued at $6.1B. GOLDMAN SACHS GROUP INC is the largest holder with a position valued at $1.3B.
Overview
Overview of institutional ownership in ETHA as of Q3 2025
All Institutions
- Institutions
- 455
- Value Held
- $6.1B
- Shares Held
- 193.6M
- Avg Position
- $13.4M
- Median Position
- $481.2K
Hedge Funds
- Hedge Funds
- 36
- Value Held
- $2.2B
- Shares Held
- 71.3M
- Avg Position
- $62.4M
- Median Position
- $3.0M
Biggest Investors
Institutions with the largest positions in ETHA as of Q3 2025
| Institution | Position Value |
|---|---|
 GOLDMAN SACHS GROUP INC Institution | $1.3B 0.19% of portfolio |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $1.1B 0.88% of portfolio |
J JANE STREET GROUP, LLC Institution | $685.6M 0.81% of portfolio |
D D. E. Shaw & Co., Inc. Institution | $395.2M 0.34% of portfolio |
 Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy | $337.6M 2.36% of portfolio |
C Capula Management Ltd Institution | $279.4M 2.08% of portfolio |
 Weiss Asset Management LP Hedge Fund•Multi-Strategy | $250.1M 4.79% of portfolio |
 FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $234.8M 1.33% of portfolio |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $190.0M 0.28% of portfolio |
D DRW Securities, LLC Institution | $94.1M 4.94% of portfolio |
Net Capital Flow
Institutional buying and selling activity for ETHA in Q3 2025
- Traded
- +$3.9B
- Buyers
- 394
- Sellers
- 64
- Total Bought
- +$4.0B
- Total Sold
- −$141.0M
- Avg Position
- $12.6M
Biggest Buyers
| Institution | Net Bought |
|---|---|
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$885.9M +28.1M shares |
GOLDMAN SACHS GROUP INC Institution | +$547.3M +17.4M shares |
J JANE STREET GROUP, LLC Institution | +$470.2M +14.9M shares |
D D. E. Shaw & Co., Inc. Institution | +$276.3M +8.8M shares |
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$234.8M +7.5M shares |
Weiss Asset Management LP Hedge Fund•Multi-Strategy | +$230.0M +7.3M shares |
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy | +$198.0M +6.3M shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | +$160.4M +5.1M shares |
C Capula Management Ltd Institution | +$110.7M +3.5M shares |
D DRW Securities, LLC Institution | +$94.1M +3.0M shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$30.3M −961.8K shares |
 Logan Stone Capital, LLC Hedge Fund•Long/Short | −$24.6M −782.0K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | −$22.0M −697.5K shares |
 WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$9.0M −286.6K shares |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$6.2M −197.1K shares |
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short | −$6.2M −325.0K shares |
 UBS Group AG Institution | −$5.2M −163.6K shares |
 Krilogy Financial LLC RIA/Wealth | −$4.2M −222.2K shares |
 HBK INVESTMENTS L P Hedge Fund•Multi-Strategy | −$3.8M −199.0K shares |
Q Quadrature Capital Ltd Institution | −$3.5M −181.7K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited ETHA in Q3 2025
- New Positions
- 266
- New Value
- $764.4M
- Exited Positions
- 29
- Exited Value
- $27.3M
New Positions
| Institution | Position Value |
|---|---|
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $234.8M 7.5M shares |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | $87.5M 2.8M shares |
S Senator Investment Group LP Institution | $52.7M 1.7M shares |
E Evergreen Quality Fund GP, Ltd. Institution | $36.2M 1.1M shares |
 Jain Global LLC Hedge Fund•Multi-Strategy | $32.5M 1.0M shares |
 Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | $23.6M 750.0K shares |
 Hunting Hill Global Capital, LLC Hedge Fund•Multi-Strategy | $23.4M 743.3K shares |
P Pilgrim Partners Asia Pte Ltd Institution | $19.9M 630.0K shares |
 All-Stars Investment Ltd Institution | $13.8M 438.0K shares |
 BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $10.5M 332.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short | $6.2M 325.0K shares |
Krilogy Financial LLC RIA/Wealth | $4.2M 222.2K shares |
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy | $3.8M 199.0K shares |
Q Quadrature Capital Ltd Institution | $3.5M 181.7K shares |
 Clark Capital Management Group, Inc. RIA/Wealth | $2.5M 128.5K shares |
 IMC-Chicago, LLC RIA/Wealth | $1.0M 52.7K shares |
 Mount Yale Investment Advisors, LLC RIA/Wealth | $870.2K 45.6K shares |
O OLD MISSION CAPITAL LLC Institution | $826.1K 43.3K shares |
S Sassicaia Capital Advisers LLC Institution | $707.5K 37.1K shares |
 Fluent Financial, LLC RIA/Wealth | $674.6K 35.4K shares |
Options Activity
Institutions with the largest Call and Put options positions in ETHA as of Q3 2025
- Call Positions
- 31
- Call Value
- $1.5B
- Put Positions
- 21
- Put Value
- $1.4B
Call Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $517.1M 164.1K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $426.0M 135.2K contracts |
GOLDMAN SACHS GROUP INC Institution | $216.8M 68.8K contracts |
J JANE STREET GROUP, LLC Institution | $139.3M 44.2K contracts |
W WOLVERINE TRADING, LLC Institution | $73.6M 23.2K contracts |
C CANTOR FITZGERALD, L. P. Institution | $53.6M 17.0K contracts |
E EXCHANGE TRADED CONCEPTS, LLC Institution | $39.4M 12.5K contracts |
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $12.7M 4.0K contracts |
 Toroso Investments, LLC ETF Provider | $12.7M 4.0K contracts |
P PEAK6 LLC Institution | $10.2M 3.3K contracts |
Put Positions
| Institution | Position Value |
|---|---|
GOLDMAN SACHS GROUP INC Institution | $471.1M 149.5K contracts |
J JANE STREET GROUP, LLC Institution | $227.6M 72.2K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $224.9M 71.4K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $216.3M 68.6K contracts |
Weiss Asset Management LP Hedge Fund•Multi-Strategy | $78.5M 24.9K contracts |
B BlueCrest Capital Management Ltd Institution | $62.4M 19.8K contracts |
L LMR Partners LLP Institution | $35.3M 11.2K contracts |
W WOLVERINE TRADING, LLC Institution | $35.1M 11.1K contracts |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | $23.6M 7.5K contracts |
Jain Global LLC Hedge Fund•Multi-Strategy | $19.9M 6.3K contracts |
Most Committed Institutions
Institutions with ETHA as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
 KALEIDOSCOPE CAPITAL LP Hedge Fund•Quant | 12.24% $42.8M |
P Pilgrim Partners Asia Pte Ltd Institution | 8.85% $19.9M |
Hunting Hill Global Capital, LLC Hedge Fund•Multi-Strategy | 8.83% $23.4M |
Logan Stone Capital, LLC Hedge Fund•Long/Short | 8.81% $18.8M |
 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC RIA/Wealth | 5.78% $39.3M |
V Vienna Asset Management LLC RIA/Wealth | 5.24% $8.6M |
D DRW Securities, LLC Institution | 4.94% $94.1M |
Weiss Asset Management LP Hedge Fund•Multi-Strategy | 4.79% $250.1M |
 MARATHON ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy | 4.54% $2.7M |
 APEIRON CAPITAL Ltd RIA/Wealth | 4.27% $9.0M |
Hedge Fund Spotlight
Discover hedge funds investing in ETHA
R
RPO LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerJohn David Rogers
- Portfolio Value
- $53.5M
- Positions
- 20
- Last Reported
- Q3 2025
Sector Allocation
I
Position in iShares Ethereum Trust
- Market Value
- $1.6M
- Shares Held
- 49.5K
- Portfolio Weight
- 2.92%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $12.9M | 24.21% | |
ETF ETF | $5.0M | 9.28% | |
Unknown Unknown | $3.8M | 7.15% |
