Vault-13

ISHARES ETHEREUM TR ETHA

SHS · ETP · CUSIP 46438R105

239 institutional holders +43 vs Q1 2025
77,511,06277.5m shares reported held*
$1.5bnreported value*
67 new 82 added 38 reduced 27 sold out net bought ≈ $784.7m (+41.2m 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 ≈ $19.15. Options: 14 managers hold calls ($198.8m notional), 8 hold puts ($76.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 24: 72Q4 24: 180Q1 25: 196Q2 25: 239239Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202472
Q4 2024180
Q1 2025196
Q2 2025239

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 24: 136 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 129 bought or addedQ1 25: 74 cut or sold outQ1 25Q2 25: 149 bought or addedQ2 25: 65 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 202413619
Q1 202512974
Q2 202514965

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $198.8mQ2 25 puts: $76.7mQ2 25P/C 0.39
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$198.8m$76.7m0.39

Biggest buyers

GOLDMAN SACHS GROUP INC Added +18,395,640+18.4m
MILLENNIUM MANAGEMENT LLC New +5,809,663+5.8m
JANE STREET GROUP, LLC Added +3,785,218+3.8m
Capula Management Ltd Added +3,542,508+3.5m
Schonfeld Strategic Advisors LLC Added +1,679,406+1.7m
BlueCrest Capital Management Ltd New +1,500,000+1.5m
Logan Stone Capital, LLC New +1,379,690+1.4m
CLEAR STREET LLC New +1,028,792+1.0m
CITADEL ADVISORS LLC Added +964,359+964.4k
Yong Rong (HK) Asset Management Ltd New +796,000+796.0k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -1,711,592-1.7m
DRW Securities, LLC Sold out -1,085,717-1.1m
Apollo Management Holdings, L.P. Sold out -665,000-665.0k
ExodusPoint Capital Management, LP Sold out -492,611-492.6k
VAN ECK ASSOCIATES CORP Sold out -366,000-366.0k
Clear Street Derivatives LLC Sold out -362,977-363.0k
Parkwood LLC Reduced -280,000-280.0k
Private Advisor Group, LLC Reduced -201,876-201.9k
Virtu Financial LLC Sold out -184,198-184.2k
IMC-Chicago, LLC Reduced -112,820-112.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $63.3m3.3m shares
GROUP ONE TRADING LLC New $26.8m1.4m shares
EXCHANGE TRADED CONCEPTS, LLC New $23.8m1.2m shares
CITADEL ADVISORS LLC New $21.2m1.1m shares
SIMPLEX TRADING, LLC New $14.9m782.6k shares
GOLDMAN SACHS GROUP INC New $14.3m750.0k shares
JANE STREET GROUP, LLC New $13.7m717.0k shares
WOLVERINE TRADING, LLC New $11.6m636.4k shares
MAPLELANE CAPITAL, LLC New $5.7m300.0k shares
IMC-Chicago, LLC New $1.8m97.0k shares

Biggest puts

JANE STREET GROUP, LLC New $29.4m1.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $21.2m1.1m shares
CITADEL ADVISORS LLC New $11.9m625.5k shares
SIMPLEX TRADING, LLC New $5.8m304.3k shares
WOLVERINE TRADING, LLC New $4.2m229.1k shares
GROUP ONE TRADING LLC New $2.3m118.6k shares
IMC-Chicago, LLC New $2.0m104.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 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 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 24,902,21924.9m $474.9m $474.9m 0.08% Added +18.4m +18,395,640
2 JANE STREET GROUP, LLC 0.21% of their portfolio NEW YORK, NY 6,837,2996.8m $130.4m $130.4m 0.21% Added +3.8m +3,785,218
3 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 5,809,6635.8m $110.8m $110.8m 0.10% New
4 Capula Management Ltd 1.25% of their portfolio Grand Cayman, E9 5,354,8005.4m $102.1m $102.1m 1.25% Added +3.5m +3,542,508
5 Schonfeld Strategic Advisors LLC 0.64% of their portfolio NEW YORK, NY 4,428,8134.4m $84.5m $84.5m 0.64% Added +1.7m +1,679,406
6 D. E. Shaw & Co., Inc. 0.07% of their portfolio New York, NY 3,773,0003.8m $72.0m $72.0m 0.07% Added +173.0k +173,000
7 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 2,319,2502.3m $44.2m $44.2m 0.04% Added +964.4k +964,359
8 BlueCrest Capital Management Ltd 3.17% of their portfolio ST HELIER, Y9 1,500,0001.5m $28.6m $28.6m 3.17% New
9 Logan Stone Capital, LLC 12.38% of their portfolio CHICAGO, IL 1,379,6901.4m $26.3m $26.3m 12.38% New
10 KALEIDOSCOPE CAPITAL LP 10.29% of their portfolio BOSTON, MA 1,359,5891.4m $25.9m $25.9m 10.29% Added +749.0k +749,042
11 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 3.96% of their portfolio NEW YORK, NY 1,317,3221.3m $25.1m $25.1m 3.96% Reduced -58.5k -58,536
12 CLEAR STREET LLC 0.12% of their portfolio NEW YORK, NY 1,028,7921.0m $19.6m $19.6m 0.12% New
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 939,054939.1k $17.9m $17.9m 0.03% Added +469.1k +469,141
14 WOLVERINE ASSET MANAGEMENT LLC 0.29% of their portfolio CHICAGO, IL 900,834900.8k $17.2m $17.2m 0.29% Added +179.6k +179,580
15 Marex Group Ltd 0.32% of their portfolio London, X0 887,275887.3k $16.9m $16.9m 0.32% Added +321.9k +321,865
16 Yong Rong (HK) Asset Management Ltd 3.66% of their portfolio SHEUNG WAN, K3 796,000796.0k $15.2m $15.2m 3.66% New
17 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 783,008783.0k $14.9m $14.9m 0.03% Added +426.6k +426,615
18 Betterment LLC 0.03% of their portfolio NEW YORK, NY 777,894777.9k $14.8m $14.8m 0.03% Added +88.6k +88,572
19 Elequin Capital, LP 1.88% of their portfolio NEW YORK, NY 712,497712.5k $13.6m $13.6m 1.88% Added +704.9k +704,899
20 Wealthfront Advisers LLC 0.03% of their portfolio Palo Alto, CA 651,867651.9k $12.4m $12.4m 0.03% Reduced -75.7k -75,675
21 Weiss Asset Management LP 0.19% of their portfolio BOSTON, MA 635,354635.4k $12.1m $12.1m 0.19% Added +305.4k +305,377
22 Graham Capital Management, L.P. 0.30% of their portfolio ROWAYTON, CT 525,000525.0k $10.0m $10.0m 0.30% Added +110.0k +110,000
23 Kedalion Capital Management LLP 0.36% of their portfolio LONDON, X0 481,000481.0k $9.2m $9.2m 0.36% New
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 473,425473.4k $9.0m $9.0m 0.00% Added +78.1k +78,114
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 412,241412.2k $7.9m $7.9m 0.00% Reduced -1.7m -1,711,592
26 Parkwood LLC 0.69% of their portfolio CLEVELAND, OH 392,000392.0k $7.5m $7.5m 0.69% Reduced -280.0k -280,000
27 MAPLELANE CAPITAL, LLC 0.38% of their portfolio New York, NY 325,000325.0k $6.2m $6.2m 0.38% New
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 312,498312.5k $6.0m $6.0m 0.00% Added +269.1k +269,150
29 Galaxy Group Investments LLC 0.75% of their portfolio NEW YORK, NY 267,600267.6k $5.1m $5.1m 0.75% New
30 Corecam Pte. Ltd. 2.80% of their portfolio SINGAPORE, U0 260,700260.7k $5.0m $5.0m 2.80% Added +61.6k +61,600
31 Vienna Asset Management LLC 3.25% of their portfolio SARATOGA, CA 247,027247.0k $4.7m $4.7m 3.25% New
32 Krilogy Financial LLC 0.24% of their portfolio ST. LOUIS, MO 222,165222.2k $4.2m $4.2m 0.24% New
33 Almitas Capital LLC 1.06% of their portfolio SANTA MONICA, CA 219,405219.4k $4.2m $4.2m 1.06% New
34 Engineers Gate Manager LP 0.05% of their portfolio NEW YORK, NY 218,221218.2k $4.2m $4.2m 0.05% Reduced -36.4k -36,394
35 Fiduciary Alliance LLC 0.30% of their portfolio GREENVILLE, SC 211,932211.9k $4.0m $4.0m 0.30% Added +67.5k +67,482
36 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 208,394208.4k $4.0m $4.0m 0.02% Added +131.8k +131,763
37 HBK INVESTMENTS L P 0.07% of their portfolio DALLAS, TX 199,020199.0k $3.8m $3.8m 0.07% Not comparable
38 Quadrature Capital Ltd 0.06% of their portfolio LONDON, X0 181,730181.7k $3.5m $3.5m 0.06% New
39 MARATHON ASSET MANAGEMENT LP 7.28% of their portfolio NEW YORK, NY 160,000160.0k $3.1m $3.1m 7.28% New
40 Pekin Hardy Strauss, Inc. 0.29% of their portfolio CHICAGO, IL 134,845134.8k $2.6m $2.6m 0.29% Added +107.3k +107,330
41 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 128,480128.5k $2.5m $2.5m 0.02% Reduced -64.3k -64,343
42 Concurrent Investment Advisors, LLC 0.05% of their portfolio Tampa, FL 126,729126.7k $2.4m $2.4m 0.05% New
43 Tikvah Management LLC 2.44% of their portfolio Charlotte, NC 124,000124.0k $7.6m $7.6m 2.44% Unchanged
44 Mariner, LLC 0.00% of their portfolio Overland Park, KS 121,988122.0k $2.3m $2.3m 0.00% Added +81.9k +81,865
45 BENJAMIN EDWARDS INC 0.03% of their portfolio Clayton, MO 118,157118.2k $2.3m $2.3m 0.03% Reduced -4.4k -4,380
46 LCM Capital Management Inc 1.16% of their portfolio CHICAGO, IL 117,430117.4k $2.2m $2.2m 1.16% Added +4.9k +4,900
47 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 108,096108.1k $2.1m $2.1m 0.01% Added +15.1k +15,121
48 Robertson Opportunity Capital, LLC 0.74% of their portfolio DALLAS, TX 105,300105.3k $2.0m $2.0m 0.74% Unchanged
49 Farringdon Capital, Ltd. 0.67% of their portfolio LONDON, X0 105,291105.3k $2.0m $2.0m 0.67% Added +33.3k +33,271
50 LaSalle St. Investment Advisors, LLC 0.52% of their portfolio ELMHURST, IL 100,000100.0k $1.9m $1.9m 0.52% Added +80.0k +80,000
51 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 98,14598.1k $1.9m $1.9m 0.00% New
52 INSIGNEO ADVISORY SERVICES, LLC 0.16% of their portfolio MIAMI, FL 97,85397.9k $1.9m $1.9m 0.16% Added +1.7k +1,673
53 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 94,47294.5k $1.8m $1.8m 0.00% Added +875 +875
54 Persistent Asset Partners Ltd 1.44% of their portfolio HONG KONG, K3 85,89785.9k $1.6m $1.6m 1.44% New
55 CANTOR FITZGERALD, L. P. 0.04% of their portfolio NEW YORK, NY 83,52683.5k $1.6m $1.6m 0.04% Reduced -13.0k -13,024
56 J. Goldman & Co LP 0.05% of their portfolio NEW YORK, NY 82,50282.5k $1.6m $1.6m 0.05% New
57 Cobblestone Asset Management LLC 0.76% of their portfolio RICHMOND, VA 76,02076.0k $1.4m $1.4m 0.76% Added +17.8k +17,798
58 Requisite Capital Management, LLC 0.31% of their portfolio DALLAS, TX 74,46374.5k $1.4m $1.4m 0.31% Reduced -1.8k -1,778
59 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 72,06572.1k $1.4m $1.4m 0.04% New
60 FFG Partners, LLC 0.45% of their portfolio Fort Lauderdale, FL 70,60070.6k $1.3m $1.3m 0.45% New
61 Global Retirement Partners, LLC 0.03% of their portfolio San Rafael, CA 69,31469.3k $1.3m $1.3m 0.03% First filing
62 KINGSWOOD WEALTH ADVISORS, LLC 0.10% of their portfolio SAN DIEGO, CA 68,77768.8k $1.3m $1.3m 0.10% Added +6.9k +6,940
63 WOLVERINE TRADING, LLC 0.03% of their portfolio CHICAGO, IL 68,09368.1k $1.2m $1.2m 0.03% New
64 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 67,50567.5k $1.3m $1.3m 0.01% Reduced -8.8k -8,830
65 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 64,28964.3k $1.2m $1.2m 0.00% Added +32.0k +32,034
66 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 60,73860.7k $1.2m $1.2m 0.00% Added +10.1k +10,052
67 COMPASS CAPITAL CORP /MA/ /ADV 0.92% of their portfolio BRAINTREE, MA 59,89459.9k $2.0m $2.0m 0.92% Added +13.2k +13,237
68 Central Asset Investments & Management Holdings (HK) Ltd 0.96% of their portfolio HONG KONG, K3 59,58059.6k $1.1m $1.1m 0.96% Added +29.2k +29,200
69 OBSIDIAN CIO, LLC 0.16% of their portfolio NEW YORK, NY 57,69057.7k $1.1m $1.1m 0.16% Added +417 +417
70 TOTAL INVESTMENT MANAGEMENT INC 0.15% of their portfolio SCOTTSDALE, AZ 55,55455.6k $1.1m $1.1m 0.15% Added +42.2k +42,240
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 53,54153.5k $1.0m $1.0m 0.00% Added +8.3k +8,340
72 IMC-Chicago, LLC 0.03% of their portfolio CHICAGO, IL 52,68552.7k $1.0m $1.0m 0.03% Reduced -112.8k -112,820
73 BlackRock, Inc. 0.00% of their portfolio New York, NY 51,12451.1k $974.9k $974.9k 0.00% New
74 McElhenny Sheffield Capital Management, LLC 0.25% of their portfolio DALLAS, TX 49,51149.5k $944.2k $944.2k 0.25% Unchanged
75 Impact Partnership Wealth, LLC 0.17% of their portfolio MARIETTA, GA 49,31649.3k $940.5k $940.5k 0.17% Added +3.0k +3,047
76 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 47,30447.3k $902.1k $902.1k 0.02% Added +26.9k +26,860
77 ELEVATION POINT WEALTH PARTNERS, LLC 0.07% of their portfolio DENVER, CO 45,63245.6k $870.2k $870.2k 0.07% Added +3.4k +3,375
78 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 44,07444.1k $840.5k $840.5k 0.00% Reduced -34.8k -34,848
79 Brevan Howard Capital Management LP 0.01% of their portfolio ST. HELIER, Y9 43,67543.7k $806.0k $806.0k 0.01% New
80 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 43,31743.3k $826.1k $826.1k 0.02% Reduced -4.6k -4,589
81 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 39,96340.0k $1.1m $1.1m 0.03% New
82 Andina Capital Management, LLC 0.52% of their portfolio LOGAN, UT 38,66438.7k $737.3k $737.3k 0.52% Added +10.6k +10,615
83 Truvestments Capital LLC 0.14% of their portfolio SARASOTA, FL 37,19037.2k $709.2k $709.2k 0.14% Added +36.4k +36,440
84 Sassicaia Capital Advisers LLC 0.44% of their portfolio JERICHO, NY 37,10037.1k $707.5k $707.5k 0.44% New
85 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 36,89736.9k $704.0k $704.0k 0.00% Reduced -761 -761
86 Freestone Capital Holdings, LLC 0.02% of their portfolio Seattle, WA 36,78736.8k $701.5k $701.5k 0.02% Added +11.7k +11,680
87 Fluent Financial, LLC 0.28% of their portfolio DALLAS, TX 35,37435.4k $674.6k $674.6k 0.28% New
88 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 34,91034.9k $680.4k $680.4k 0.00% New
89 CWM, LLC 0.00% of their portfolio OMAHA, NE 34,81434.8k $664.0k $664.0k 0.00% Added +14.8k +14,842
90 Quantitative Investment Management, LLC 0.09% of their portfolio CHARLOTTESVILLE, VA 34,78434.8k $663.0k $663.0k 0.09% New
91 WCG Wealth Advisors LLC 0.04% of their portfolio LAS VEGAS, NV 34,08134.1k $649.9k $649.9k 0.04% Added +8.2k +8,250
92 Tamar Securities, LLC 0.08% of their portfolio Woodland Hills, CA 34,02134.0k $648.8k $648.8k 0.08% Added +7.0k +7,000
93 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 33,50133.5k $638.9k $638.9k 0.01% New
94 Platform Technology Partners 0.15% of their portfolio NEW YORK, NY 31,08631.1k $592.8k $592.8k 0.15% New
95 PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 30,88730.9k $589.0k $589.0k 0.06% New
96 WESCAP Management Group, Inc. 0.13% of their portfolio Glendale, CA 30,17530.2k $575.4k $575.4k 0.13% Unchanged
97 Deuterium Capital Management, LLC 1.07% of their portfolio Clearwater, FL 30,00030.0k $572.1k $572.1k 1.07% Unchanged
98 DDD Partners, LLC 0.05% of their portfolio BELLEVUE, WA 26,30326.3k $501.6k $501.6k 0.05% Added +14.2k +14,187
99 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 26,22826.2k $500.2k $500.2k 0.02% Added +79 +79
100 Lansing Street Advisors 0.15% of their portfolio AMBLER, PA 25,96626.0k $495.2k $495.2k 0.15% Unchanged