Vault-13

GRAYSCALE ETHEREUM MINI TR E ETH

SHS NEW · ETP · CUSIP 38964R203

201 institutional holders +14 vs Q1 2025
10,321,13210.3m shares reported held*
$245.1mreported value*
33 new 43 added 42 reduced 21 sold out net bought ≈ $97.4m (+4.1m 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 ≈ $23.75. Options: 6 managers hold calls ($14.3m notional), 6 hold puts ($4.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 24: 1Q4 24: 195Q1 25: 187Q2 25: 201201Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 20241
Q4 2024195
Q1 2025187
Q2 2025201

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 24: 171 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 81 bought or addedQ1 25: 74 cut or sold outQ1 25Q2 25: 76 bought or addedQ2 25: 63 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20241711
Q1 20258174
Q2 20257663

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $768.4kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $420.2kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $14.3mQ2 25 puts: $4.6mQ2 25P/C 0.33
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$768.4k$00.00
Q1 2025$420.2k$00.00
Q2 2025$14.3m$4.6m0.33

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +1,260,003+1.3m
ENVESTNET ASSET MANAGEMENT INC New +1,238,567+1.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +838,556+838.6k
Logan Stone Capital, LLC New +509,399+509.4k
Elequin Capital, LP Added +189,249+189.2k
Almitas Capital LLC New +89,557+89.6k
UBS Group AG Added +75,704+75.7k
Sloy Dahl & Holst, LLC Added +63,910+63.9k
OLD MISSION CAPITAL LLC Added +53,531+53.5k
SIMPLEX TRADING, LLC New +38,733+38.7k

Biggest sellers

Fielder Capital Group LLC Reduced -201,449-201.4k
DRW Securities, LLC Sold out -184,344-184.3k
Simplicity Wealth,LLC Sold out -87,647-87.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -38,370-38.4k
Pasadena Private Wealth, LLC Reduced -22,190-22.2k
JANE STREET GROUP, LLC Reduced -19,002-19.0k
Cerity Partners LLC Sold out -14,549-14.5k
Valeo Financial Advisors, LLC Reduced -14,039-14.0k
Cetera Investment Advisers Reduced -8,955-9.0k
Kestra Advisory Services, LLC Reduced -8,463-8.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $5.2m218.8k shares
CITADEL ADVISORS LLC New $3.8m160.7k shares
JANE STREET GROUP, LLC New $2.8m118.6k shares
SIMPLEX TRADING, LLC New $1.2m50.9k shares
GROUP ONE TRADING LLC New $865.8k36.5k shares
IMC-Chicago, LLC New $386.6k16.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.9m78.9k shares
CITADEL ADVISORS LLC New $1.1m45.0k shares
SIMPLEX TRADING, LLC New $604.0k25.5k shares
IMC-Chicago, LLC New $386.6k16.3k shares
GROUP ONE TRADING LLC New $374.8k15.8k shares
JANE STREET GROUP, LLC New $343.9k14.5k 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 in Q2 2025

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 in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 2,481,2332.5m $58.9m $58.9m 0.05% Added +1.3m +1,260,003
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,238,5671.2m $29.4m $29.4m 0.01% New
3 HBK INVESTMENTS L P 0.45% of their portfolio DALLAS, TX 1,066,1601.1m $25.3m $25.3m 0.45% Not comparable
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 981,201981.2k $23.3m $23.3m 0.04% Added +838.6k +838,556
5 Sloy Dahl & Holst, LLC 2.54% of their portfolio Vancouver, WA 769,517769.5k $18.3m $18.3m 2.54% Added +63.9k +63,910
6 Elequin Capital, LP 1.77% of their portfolio NEW YORK, NY 539,978540.0k $12.8m $12.8m 1.77% Added +189.2k +189,249
7 Logan Stone Capital, LLC 5.69% of their portfolio CHICAGO, IL 509,399509.4k $12.1m $12.1m 5.69% New
8 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 187,137187.1k $4.4m $4.4m 0.01% Reduced -19.0k -19,002
9 Haven Private, LLC 1.72% of their portfolio ORLANDO, FL 163,211163.2k $3.9m $3.9m 1.72% Reduced -7.2k -7,225
10 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 133,242133.2k $3.2m $3.2m 0.01% Added +37.0k +36,986
11 Fielder Capital Group LLC 0.74% of their portfolio NASHVILLE, TN 116,440116.4k $2.8m $2.8m 0.74% Reduced -201.4k -201,449
12 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 93,49893.5k $2.2m $2.2m 0.01% Reduced -8.5k -8,463
13 Archer Investment Management, LLC 1.57% of their portfolio AUSTIN, TX 90,92690.9k $2.2m $2.2m 1.57% Added +6.4k +6,408
14 Almitas Capital LLC 0.54% of their portfolio SANTA MONICA, CA 89,55789.6k $2.1m $2.1m 0.54% New
15 Encompass More Asset Management 0.47% of their portfolio Danville, CA 83,99984.0k $2.0m $2.0m 0.47% Added +15.0k +15,016
16 Mariner, LLC 0.00% of their portfolio Overland Park, KS 81,17681.2k $1.9m $1.9m 0.00% Added +15.3k +15,340
17 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 79,19979.2k $1.9m $1.9m 0.02% Added +2.2k +2,196
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 78,70878.7k $1.9m $1.9m 0.00% Added +75.7k +75,704
19 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 70,72070.7k $1.7m $1.7m 0.04% Added +53.5k +53,531
20 Pasadena Private Wealth, LLC 0.27% of their portfolio PASADENA, CA 66,73866.7k $1.6m $1.6m 0.27% Reduced -22.2k -22,190
21 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 63,32463.3k $1.5m $1.5m 0.00% Reduced -344 -344
22 Verde Capital Management 0.37% of their portfolio CLARKSTON, MI 63,11463.1k $1.5m $1.5m 0.37% Added +13.8k +13,783
23 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 55,36155.4k $1.3m $1.3m 0.00% Added +14.4k +14,431
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 43,70243.7k $1.0m $1.0m 0.00% Reduced -3.9k -3,927
25 Aries Wealth Management 0.26% of their portfolio PORTLAND, ME 42,67842.7k $1.0m $1.0m 0.26% Added +2.4k +2,350
26 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 38,73338.7k $918.0k $918.0k 0.02% New
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 36,34636.3k $862.1k $862.1k 0.00% Reduced -1.3k -1,260
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 36,12336.1k $876.3k $876.3k 0.00% Added +6.9k +6,948
29 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 35,22635.2k $835.5k $835.5k 0.02% New
30 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 34,06034.1k $807.9k $807.9k 0.01% Added +4.1k +4,074
31 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 33,87033.9k $803.4k $803.4k 0.00% Reduced -3.1k -3,144
32 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 33,32633.3k $790.5k $790.5k 0.00% Reduced -9.0k -8,955
33 Rye Brook Capital LLC 0.82% of their portfolio GREENWICH, CT 33,04033.0k $784.0k $784.0k 0.82% Reduced -760 -760
34 EVOKE WEALTH, LLC 0.02% of their portfolio Los Angeles, CA 32,76232.8k $777.1k $777.1k 0.02% Added +10.9k +10,912
35 Rede Wealth, LLC 0.27% of their portfolio CHARLOTTESVILLE, VA 31,25831.3k $741.4k $741.4k 0.27% Reduced -1.1k -1,091
36 Freedom Financial Partners LLC 0.31% of their portfolio OAKDALE, MN 30,67330.7k $727.6k $727.6k 0.31% Reduced -39 -39
37 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 30,26030.3k $717.8k $717.8k 0.02% New
38 Warm Springs Advisors Inc. 0.61% of their portfolio LARKSPUR, CA 30,00030.0k $711.6k $711.6k 0.61% Unchanged
39 Hamilton Capital, LLC 0.04% of their portfolio COLUMBUS, OH 28,93828.9k $686.4k $686.4k 0.04% Unchanged
40 Illumine Investment Management, LLC 0.48% of their portfolio POULSBO, WA 25,62125.6k $607.7k $607.7k 0.48% Added +674 +674
41 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 25,24925.2k $598.9k $598.9k 0.00% Added +3.1k +3,137
42 JTC Employer Solutions Trustee Ltd 0.06% of their portfolio ST HELIER, Y9 25,00025.0k $593.0k $593.0k 0.06% Unchanged
43 Van Hulzen Asset Management, LLC 0.05% of their portfolio EL DORADO HILLS, CA 24,02424.0k $569.9k $569.9k 0.05% Added +1.9k +1,865
44 Formidable Asset Management, LLC 0.07% of their portfolio CINCINNATI, OH 23,98124.0k $413.0k $413.0k 0.07% Unchanged
45 SCOGGIN MANAGEMENT LP 0.25% of their portfolio NEW YORK, NY 23,00023.0k $545.6k $545.6k 0.25% Unchanged
46 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 22,24922.2k $527.7k $527.7k 0.03% Added +1.9k +1,894
47 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 21,56921.6k $511.6k $511.6k 0.01% Reduced -479 -479
48 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 21,37421.4k $751.7k $751.7k 0.01% New
49 Q Fund Management (Hong Kong) Ltd 0.27% of their portfolio HONG KONG, K3 21,00021.0k $498.1k $498.1k 0.27% Unchanged
50 WealthCare Investment Partners, LLC 0.18% of their portfolio PORTSMOUTH, RI 20,99721.0k $509.4k $509.4k 0.18% Added +2.2k +2,171
51 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 20,45720.5k $485.2k $485.2k 0.02% New
52 RBF Capital, LLC 0.02% of their portfolio RENO, NV 20,00020.0k $474.4k $474.4k 0.02% Unchanged
53 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 15,94415.9k $378.2k $378.2k 0.01% Reduced -14.0k -14,039
54 Strategic Advocates LLC 0.11% of their portfolio SACRAMENTO, CA 15,79515.8k $374.7k $374.7k 0.11% Added +498 +498
55 Pachira Investments Inc. 0.27% of their portfolio DANA POINT, CA 15,00415.0k $355.9k $355.9k 0.27% Reduced -838 -838
56 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 14,88814.9k $353.1k $353.1k 0.00% Added +325 +325
57 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 14,60614.6k $346.5k $346.5k 0.01% New
58 Precision Wealth Strategies, LLC 0.11% of their portfolio SAINT LOUIS, MO 14,00014.0k $332.1k $332.1k 0.11% Added +3.2k +3,188
59 Beaumont Financial Advisors, LLC 0.02% of their portfolio NEEDHAM, MA 13,82313.8k $327.9k $327.9k 0.02% Added +924 +924
60 Johnson & White Wealth Management, LLC 0.16% of their portfolio YORK, PA 13,45213.5k $319.0k $319.0k 0.16% Reduced -7.7k -7,663
61 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,24813.2k $314.0k $314.0k 0.00% New
62 IFC Advisors LLC 0.06% of their portfolio LOS ANGELES, CA 13,21913.2k $313.6k $313.6k 0.06% Unchanged
63 AVAII WEALTH MANAGEMENT, LLC 0.14% of their portfolio APPLETON, WI 13,21813.2k $313.5k $313.5k 0.14% New
64 Claro Advisors Inc. 0.05% of their portfolio BOSTON, MA 12,43912.4k $295.1k $295.1k 0.05% New
65 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 11,81111.8k $280.2k $280.2k 0.00% Reduced -129 -129
66 DOLIVER ADVISORS, LP 0.08% of their portfolio HOUSTON, TX 11,55111.6k $274.0k $274.0k 0.08% Reduced -120 -120
67 Copia Wealth Management 0.23% of their portfolio BEND, OR 11,27011.3k $267.3k $267.3k 0.23% Added +4.4k +4,434
68 Leo Wealth, LLC 0.02% of their portfolio HURST, TX 10,67610.7k $253.2k $253.2k 0.02% Reduced -108 -108
69 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 9,6299.6k $228.4k $228.4k 0.01% New
70 INSIGNEO ADVISORY SERVICES, LLC 0.02% of their portfolio MIAMI, FL 9,6129.6k $228.0k $228.0k 0.02% New
71 Interchange Capital Partners, LLC 0.06% of their portfolio PITTSBURGH, PA 9,5659.6k $243.6k $243.6k 0.06% New
72 Verdence Capital Advisors LLC 0.02% of their portfolio HUNT VALLEY, MD 9,5279.5k $226.0k $226.0k 0.02% New
73 Smithfield Trust Co 0.01% of their portfolio PITTSBURGH, PA 9,0259.0k $214.0k $214.0k 0.01% Unchanged
74 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 8,6808.7k $205.9k $205.9k 0.00% New
75 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8,0848.1k $191.8k $191.8k 0.00% Unchanged
76 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 6,2796.3k $148.9k $148.9k 0.00% Added +846 +846
77 Glass Jacobson Investment Advisors llc 0.05% of their portfolio OWINGS MILLS, MD 5,7215.7k $135.7k $135.7k 0.05% Added +4.5k +4,488
78 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,1235.1k $121.5k $121.5k 0.00% New
79 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 4,9294.9k $210.0k $210.0k 0.01% New
80 Beaird Harris Wealth Management, LLC 0.01% of their portfolio DALLAS, TX 4,5224.5k $107.3k $107.3k 0.01% Unchanged
81 EQ WEALTH ADVISORS, LLC 0.07% of their portfolio DALLAS, TX 4,3324.3k $102.8k $102.8k 0.07% Added +778 +778
82 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 4,2804.3k $101.5k $101.5k 0.00% Reduced -1.3k -1,346
83 Jupiter Wealth Management LLC 0.09% of their portfolio GLENDALE, CO 4,0004.0k $178.7k $178.7k 0.09% New
84 ELEVATION POINT WEALTH PARTNERS, LLC 0.01% of their portfolio DENVER, CO 3,2603.3k $77.3k $77.3k 0.01% New
85 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 2,9092.9k $69.0k $69.0k 0.01% Added +125 +125
86 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,5782.6k $61.2k $61.2k 0.00% Unchanged
87 Richard W. Paul & Associates, LLC 0.02% of their portfolio NOVI, MI 2,5432.5k $60.3k $60.3k 0.02% Reduced -108 -108
88 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,5022.5k $59.3k $59.3k 0.00% Unchanged
89 ELEVATION WEALTH PARTNERS, LLC 0.02% of their portfolio WALNUT CREEK, CA 2,3072.3k $54.7k $54.7k 0.02% Added +130 +130
90 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2,2992.3k $54.5k $54.5k 0.00% Reduced -1.8k -1,800
91 VSM Wealth Advisory, LLC 0.02% of their portfolio HUNT VALLEY, MD 1,9832.0k $47.0k $47.0k 0.02% New
92 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,8071.8k $42.9k $42.9k 0.00% First filing
93 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,5831.6k $38.0k $38.0k 0.00% Reduced -963 -963
94 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,5001.5k $35.6k $35.6k 0.00% Reduced -684 -684
95 Alamea Verwaltungs GmbH 0.03% of their portfolio Edison, NJ 1,4981.5k $35.5k $35.5k 0.03% Unchanged
96 S&T Bank/PA 0.01% of their portfolio Indiana, PA 1,4001.4k $33.2k $33.2k 0.01% Unchanged
97 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 1,3331.3k $30.3k $30.3k 0.00% Added +861 +861
98 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1611.2k $27.5k $27.5k 0.00% Added +561 +561
99 J.Safra Asset Management Corp 0.00% of their portfolio NEW YORK, NY 1,0451.0k $24.8k $24.8k 0.00% New
100 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 948948 $22.5k $22.5k 0.00% Reduced -808 -808