Vault-13

GRAYSCALE ETHEREUM TRUST ETF ETHE

SHS · ETP · CUSIP 389638107

256 institutional holders -7 vs Q1 2026
7,451,1217.5m shares reported held*
$96.3mreported value*
25 new 54 added 75 reduced 32 sold out net sold ≈ $9.6m (-761.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $12.92. Options: 6 managers hold calls ($27.9m notional), 6 hold puts ($7.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 24Q4 22: 21Q1 23: 20Q2 23: 22Q3 23: 23Q4 23: 22Q1 24: 26Q2 24: 29Q3 24: 260Q4 24: 334Q1 25: 288Q2 25: 289Q3 25: 335Q4 25: 302Q1 26: 263Q2 26: 256256Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202224
Q4 202221
Q1 202320
Q2 202322
Q3 202323
Q4 202322
Q1 202426
Q2 202429
Q3 2024260
Q4 2024334
Q1 2025288
Q2 2025289
Q3 2025335
Q4 2025302
Q1 2026263
Q2 2026256

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 24: 235 bought or addedQ3 24: 17 cut or sold outQ4 24: 118 bought or addedQ4 24: 123 cut or sold outQ4 24Q1 25: 77 bought or addedQ1 25: 170 cut or sold outQ2 25: 78 bought or addedQ2 25: 125 cut or sold outQ2 25Q3 25: 147 bought or addedQ3 25: 124 cut or sold outQ4 25: 89 bought or addedQ4 25: 153 cut or sold outQ4 25Q1 26: 83 bought or addedQ1 26: 142 cut or sold outQ2 26: 79 bought or addedQ2 26: 107 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202423517
Q4 2024118123
Q1 202577170
Q2 202578125
Q3 2025147124
Q4 202589153
Q1 202683142
Q2 202679107

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 25 calls: $149.8mQ3 25 puts: $67.5mQ3 25P/C 0.45Q4 25 calls: $70.8mQ4 25 puts: $23.2mQ4 25P/C 0.33Q1 26 calls: $42.4mQ1 26 puts: $30.2mQ1 26P/C 0.71Q2 26 calls: $27.9mQ2 26 puts: $7.2mQ2 26P/C 0.26
Numbers
QuarterCallsPutsP/C
Q3 2025$149.8m$67.5m0.45
Q4 2025$70.8m$23.2m0.33
Q1 2026$42.4m$30.2m0.71
Q2 2026$27.9m$7.2m0.26

Biggest buyers

Virtu Financial LLC New +312,991+313.0k
Qube Research & Technologies Ltd Added +168,303+168.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +82,957+83.0k
Cambridge Investment Research Advisors, Inc. Added +52,491+52.5k
BANK OF MONTREAL /CAN/ New +35,042+35.0k
Advisory Services Network, LLC Added +33,521+33.5k
Savvy Advisors, Inc. New +31,291+31.3k
Benson Wealth Management INC New +30,612+30.6k
EVERGREEN CAPITAL MANAGEMENT LLC New +27,445+27.4k
Thompson David Blair New +18,534+18.5k

Biggest sellers

MORGAN STANLEY Reduced -556,685-556.7k
Manatuck Hill Partners, LLC Sold out -120,000-120.0k
GROUP ONE TRADING LLC Sold out -103,250-103.2k
Verde Capital Management Reduced -96,794-96.8k
Integrated Advisors Network LLC Reduced -75,616-75.6k
MONECO ADVISORS, LLC Sold out -68,596-68.6k
SURIENCE PRIVATE WEALTH LLC Sold out -64,988-65.0k
SIMPLEX TRADING, LLC Sold out -53,616-53.6k
Smithfield Trust Co Reduced -50,780-50.8k
Wealthfront Advisers LLC Reduced -35,295-35.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.3m651.4k shares
CITADEL ADVISORS LLC Added $6.4m504.1k shares
GROUP ONE TRADING LLC Added $4.0m315.2k shares
JANE STREET GROUP, LLC Reduced $3.9m303.7k shares
SIMPLEX TRADING, LLC Reduced $2.7m214.3k shares
IMC-Chicago, LLC Reduced $2.5m198.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.5m198.6k shares
CITADEL ADVISORS LLC Reduced $2.3m178.0k shares
IMC-Chicago, LLC Reduced $941.7k73.8k shares
JANE STREET GROUP, LLC Reduced $810.3k63.5k shares
GROUP ONE TRADING LLC Reduced $427.5k33.5k shares
SIMPLEX TRADING, LLC Reduced $227.1k17.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE OF MICHIGAN RETIREMENT SYSTEM 0.03% of their portfolio EAST LANSING, MI 460,000460.0k $5.9m $5.9m 0.03% Unchanged
2 Virtu Financial LLC 0.13% of their portfolio New York, NY 312,991313.0k $4.0m $4.0m 0.13% New
3 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 293,467293.5k $3.7m $3.7m 0.00% Reduced -33.0k -32,963
4 Integrated Advisors Network LLC 0.17% of their portfolio DALLAS, TX 282,633282.6k $3.6m $3.6m 0.17% Reduced -75.6k -75,616
5 Robertson Opportunity Capital, LLC 1.25% of their portfolio DALLAS, TX 251,643251.6k $3.2m $3.2m 1.25% Unchanged
6 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 237,019237.0k $3.0m $3.0m 0.01% Reduced -35.3k -35,295
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 236,426236.4k $3.0m $3.0m 0.00% Reduced -26.9k -26,928
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 215,356215.4k $2.7m $2.7m 0.00% Added +10.7k +10,726
9 TITLEIST ASSET MANAGEMENT, LLC 0.18% of their portfolio SAN ANTONIO, TX 211,328211.3k $2.7m $2.7m 0.18% Reduced -2.6k -2,640
10 Pasadena Private Wealth, LLC 0.33% of their portfolio PASADENA, CA 204,593204.6k $2.6m $2.6m 0.33% Reduced -285 -285
11 RBF Capital, LLC 0.11% of their portfolio RENO, NV 200,001200.0k $2.6m $2.6m 0.11% Unchanged
12 Sloy Dahl & Holst, LLC 0.30% of their portfolio Vancouver, WA 187,501187.5k $2.4m $2.4m 0.30% Reduced -157 -157
13 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 181,291181.3k $2.3m $2.3m 0.00% Added +168.3k +168,303
14 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 173,884173.9k $2.2m $2.2m 0.00% Reduced -2.7k -2,726
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 161,850161.8k $2.1m $2.1m 0.00% Added +83.0k +82,957
16 Haven Private, LLC 0.59% of their portfolio ORLANDO, FL 120,879120.9k $1.5m $1.5m 0.59% Reduced -2.4k -2,403
17 Mariner, LLC 0.00% of their portfolio Overland Park, KS 119,990120.0k $1.5m $1.5m 0.00% Reduced -5.9k -5,943
18 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 118,811118.8k $1.5m $1.5m 0.01% Reduced -13.1k -13,061
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 114,340114.3k $1.5m $1.5m 0.00% Reduced -5.5k -5,528
20 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 110,070110.1k $1.4m $1.4m 0.00% Added +52.5k +52,491
21 Fielder Capital Group LLC 0.30% of their portfolio NASHVILLE, TN 109,348109.3k $1.4m $1.4m 0.30% Reduced -898 -898
22 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 83,25183.3k $1.1m $1.1m 0.01% Added +33.5k +33,521
23 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 70,25070.2k $896.4k $896.4k 0.00% Added +3.8k +3,832
24 Verde Capital Management 0.16% of their portfolio CLARKSTON, MI 67,51867.5k $861.5k $861.5k 0.16% Reduced -96.8k -96,794
25 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 61,67761.7k $787.0k $787.0k 0.00% Reduced -479 -479
26 Intellectus Partners, LLC 0.13% of their portfolio SAN FRANCISCO, CA 60,67160.7k $774.2k $774.2k 0.13% Added +818 +818
27 Van Hulzen Asset Management, LLC 0.05% of their portfolio EL DORADO HILLS, CA 59,41059.4k $758.1k $758.1k 0.05% Reduced -1.2k -1,247
28 Aristides Capital LLC 0.18% of their portfolio LOUISVILLE, KY 54,90054.9k $700.5k $700.5k 0.18% Added +4.1k +4,100
29 PYA Waltman Capital, LLC 0.15% of their portfolio KNOXVILLE, TN 50,75950.8k $647.7k $647.7k 0.15% Added +2.5k +2,527
30 TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC 0.35% of their portfolio PORTLAND, OR 50,41750.4k $643.3k $643.3k 0.35% Reduced -500 -500
31 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 50,00050.0k $638.0k $638.0k 0.08% Reduced -10.0k -10,000
32 TigerOak Management, L.L.C. 0.17% of their portfolio NASHVILLE, TN 48,30048.3k $616.3k $616.3k 0.17% Unchanged
33 Finer Wealth Management, Inc. 0.26% of their portfolio SALEM, MA 46,22546.2k $589.8k $589.8k 0.26% Added +2.6k +2,625
34 Private Capital Advisors, Inc. 0.05% of their portfolio DARIEN, CT 45,61145.6k $582.0k $582.0k 0.05% Unchanged
35 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 45,11345.1k $575.6k $575.6k 0.00% Reduced -2.1k -2,123
36 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 43,80443.8k $559.4k $559.4k 0.00% Added +3.2k +3,250
37 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 43,45943.5k $554.5k $554.5k 0.01% Added +503 +503
38 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 43,38843.4k $553.6k $553.6k 0.00% Added +5.5k +5,509
39 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 40,01240.0k $510.6k $510.6k 0.00% Reduced -269 -269
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 40,00640.0k $578.9k $578.9k 0.00% Reduced -1.8k -1,759
41 Smithfield Trust Co 0.02% of their portfolio PITTSBURGH, PA 39,47039.5k $504.0k $504.0k 0.02% Reduced -50.8k -50,780
42 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 39,09539.1k $498.9k $498.9k 0.00% Added +23 +23
43 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,05739.1k $498.4k $498.4k 0.00% Reduced -3.6k -3,629
44 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 38,77338.8k $494.7k $494.7k 0.00% Added +82 +82
45 Prosperity Financial Group, Inc. 0.15% of their portfolio San Ramon, CA 38,34438.3k $489.3k $489.3k 0.15% Unchanged
46 INSIGNEO ADVISORY SERVICES, LLC 0.02% of their portfolio MIAMI, FL 38,20038.2k $487.4k $487.4k 0.02% Reduced -1.2k -1,166
47 Simplicity Wealth,LLC 0.02% of their portfolio SUMMIT, NJ 38,08238.1k $485.9k $485.9k 0.02% Reduced -2.0k -1,975
48 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 35,35035.4k $451.1k $451.1k 0.00% Added +1.2k +1,221
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 35,04235.0k $447.1k $447.1k 0.00% New
50 Aurora Private Wealth, Inc. 0.28% of their portfolio ROCKAWAY, NJ 35,03535.0k $447.0k $447.0k 0.28% Reduced -230 -230
51 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 34,52734.5k $440.6k $440.6k 0.00% Reduced -174 -174
52 Interchange Capital Partners, LLC 0.08% of their portfolio PITTSBURGH, PA 33,95534.0k $433.3k $433.3k 0.08% Reduced -20.4k -20,441
53 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 32,93032.9k $420.2k $420.2k 0.00% Added +130 +130
54 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 31,83831.8k $406.3k $406.3k 0.00% Added +2.5k +2,491
55 REGIONS FINANCIAL CORP 0.00% of their portfolio BIRMINGHAM, AL 31,49331.5k $401.9k $401.9k 0.00% Reduced -1.3k -1,270
56 Savvy Advisors, Inc. 0.01% of their portfolio NEW YORK, NY 31,29131.3k $399.3k $399.3k 0.01% New
57 Benson Wealth Management INC 0.39% of their portfolio OOLTEWAH, TN, TN 30,61230.6k $390.6k $390.6k 0.39% New
58 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 30,60030.6k $390.5k $390.5k 0.02% Reduced -150 -150
59 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 30,51730.5k $389.4k $389.4k 0.02% Added +1.3k +1,305
60 CURA WEALTH ADVISORS, LLC 0.16% of their portfolio CHICAGO, IL 29,55029.6k $377.1k $377.1k 0.16% Reduced -250 -250
61 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 29,33729.3k $374.3k $374.3k 0.00% Reduced -556.7k -556,685
62 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 29,24029.2k $373.1k $373.1k 0.00% Reduced -7.3k -7,300
63 Aries Wealth Management 0.07% of their portfolio PORTLAND, ME 29,04129.0k $370.6k $370.6k 0.07% Reduced -3.9k -3,936
64 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 28,77128.8k $367.1k $367.1k 0.00% Reduced -1.7k -1,700
65 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.00% of their portfolio MINNEAPOLIS, MN 28,71528.7k $366.4k $366.4k 0.00% Unchanged
66 EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Bellevue, WA 27,44527.4k $350.2k $350.2k 0.01% New
67 SLT Holdings LLC 0.22% of their portfolio SCOTTSDALE, AZ 27,29527.3k $348.3k $348.3k 0.22% Reduced -5.3k -5,330
68 INTEGRITY ALLIANCE, LLC. 0.01% of their portfolio Urbandale, IA 26,80626.8k $342.0k $342.0k 0.01% Reduced -251 -251
69 Plancorp, LLC 0.01% of their portfolio SAINT LOUIS, MO 26,59026.6k $380.5k $380.5k 0.01% Added +4 +4
70 Formidable Asset Management, LLC 0.07% of their portfolio CINCINNATI, OH 25,54525.5k $436.1k $436.1k 0.07% Added +200 +200
71 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 25,40325.4k $324.1k $324.1k 0.00% Reduced -8.5k -8,520
72 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 25,17125.2k $321.2k $321.2k 0.00% Reduced -16.4k -16,408
73 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 25,13425.1k $320.7k $320.7k 0.01% Reduced -650 -650
74 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 24,90024.9k $317.7k $317.7k 0.00% Reduced -183 -183
75 Maridea Wealth Management LLC 0.03% of their portfolio BROOKLYN, NY 24,48224.5k $312.4k $312.4k 0.03% Reduced -2.6k -2,595
76 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 22,50322.5k $287.1k $287.1k 0.00% Reduced -507 -507
77 NEW WAVE WEALTH ADVISORS LLC 0.04% of their portfolio SPRINGDALE, AR 21,82421.8k $278.5k $278.5k 0.04% Added +11.4k +11,412
78 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 21,59621.6k $275.6k $275.6k 0.00% Added +2.1k +2,144
79 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 21,01721.0k $268.2k $268.2k 0.02% Reduced -273 -273
80 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 20,88320.9k $266.5k $266.5k 0.01% Unchanged
81 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 19,73619.7k $251.8k $251.8k 0.00% Reduced -6.1k -6,115
82 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 18,93218.9k $241.6k $241.6k 0.01% Added +51 +51
83 Keel Point, LLC 0.01% of their portfolio HUNTSVILLE, AL 18,91518.9k $241.4k $241.4k 0.01% Reduced -27 -27
84 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 18,63718.6k $237.8k $237.8k 0.02% Reduced -100 -100
85 Thompson David Blair 0.12% of their portfolio CHARLOTTE, NC 18,53418.5k $236.5k $236.5k 0.12% New
86 HUB Investment Partners, LLC 0.00% of their portfolio AUSTIN, TX 18,53318.5k $236.5k $236.5k 0.00% Reduced -5.2k -5,248
87 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 18,33518.3k $234.0k $234.0k 0.01% Reduced -83 -83
88 DOLIVER ADVISORS, LP 0.05% of their portfolio HOUSTON, TX 18,23918.2k $232.7k $232.7k 0.05% Added +400 +400
89 BEAM WEALTH ADVISORS, INC. 0.05% of their portfolio COVINGTON, LA 18,08018.1k $230.7k $230.7k 0.05% Reduced -2.7k -2,673
90 Mountain Capital Investment Advisors Inc. 0.03% of their portfolio WESTMINSTER, CO 17,95818.0k $229.1k $229.1k 0.03% Unchanged
91 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 17,62017.6k $224.8k $224.8k 0.00% Added +210 +210
92 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 17,36317.4k $221.6k $221.6k 0.00% Reduced -3.3k -3,345
93 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 17,35517.4k $221.4k $221.4k 0.00% Reduced -200 -200
94 SPROTT INC. 0.01% of their portfolio TORONTO, A6 17,15017.1k $218.8k $218.8k 0.01% Unchanged
95 VIMA LLC 0.21% of their portfolio TROY, MI 17,04817.0k $217.5k $217.5k 0.21% First filing
96 PHILADELPHIA TRUST CO 0.01% of their portfolio PHILADELPHIA, PA 16,67516.7k $213.0k $213.0k 0.01% Unchanged
97 Clare Market Investments LLC 0.04% of their portfolio DALLAS, TX 16,63016.6k $212.2k $212.2k 0.04% New
98 Turim 21 Investimentos Ltda. 0.03% of their portfolio RIO DE JANEIRO, D5 16,60016.6k $211.8k $211.8k 0.03% Unchanged
99 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 16,37016.4k $209.0k $209.0k 0.01% Reduced -10.0k -9,999
100 Montz Harcus Wealth Management LLC 0.07% of their portfolio New Orleans, LA 16,30016.3k $208.0k $208.0k 0.07% Unchanged