Who owns Grayscale Ethereum Staking ETF (ETHE)
Which tracked institutional funds hold ETHE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ETHE company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ETHE is one-sided between 2025-Q4 and 2026-Q1: 23 added or opened and 101 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ETHE’s largest tracked holder by dollar value, MILLENNIUM MANAGEMENT LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.3pp gap the other way — the median holder sizes ETHE more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in ETHE divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 376 tracked filers holding ETHE, 173 increased or opened the position and 193 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ETHE between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 14
- MANGROVE PARTNERS IM, LLC$71M
- IMC-Chicago, LLC$45M
- Vident Advisory, LLC$3M
- Hunting Hill Global Capital, LLC$3M
- SIMPLEX TRADING, LLC$2M
- Manatuck Hill Partners, LLC$2M
Full exits 25
- Turner Capital Investments, LLC$36M
- DRW Securities, LLC$15M
- Parkwood LLC$11M
- FARALLON CAPITAL MANAGEMENT LLC$6M
- Hudson Bay Capital Management LP$4M
- BAROMETER CAPITAL MANAGEMENT INC.$3M
Largest adds
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$84M
- Tidal Investments LLC$10M
- KALEIDOSCOPE CAPITAL LP$5M
- Integrated Advisors Network LLC$3M
- WOLVERINE ASSET MANAGEMENT LLC$1M
- SJS Investment Consulting Inc.$462K
Largest trims
- Logan Stone Capital, LLC$22M
- MORGAN STANLEY$9M
- CITADEL ADVISORS LLC$9M
- JANE STREET GROUP, LLC$7M
- Sloy Dahl & Holst, LLC$7M
- Massar Capital Management, LP$5M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MANGROVE PARTNERS IM, LLC new | 3,552,685 | $71M | 10.5% | 2026-Q1 |
| IMC-Chicago, LLC added | 2,255,767 | $45M | 6.7% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC added | 1,382,067 | $27M | 4.1% | 2026-Q1 |
| KALEIDOSCOPE CAPITAL LP added | 1,370,428 | $27M | 4.0% | 2026-Q1 |
| Sloy Dahl & Holst, LLC added | 747,550 | $15M | 2.2% | 2026-Q1 |
| Tidal Investments LLC added | 513,293 | $10M | 1.5% | 2026-Q1 |
| MORGAN STANLEY added | 586,022 | $10M | 1.5% | 2026-Q1 |
| STATE OF MICHIGAN RETIREMENT SYSTEM | 460,000 | $8M | 1.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 334,519 | $7M | 1.0% | 2026-Q1 |
| HBK INVESTMENTS L P | 311,141 | $6M | 0.9% | 2026-Q1 |
| Integrated Advisors Network LLC added | 358,249 | $6M | 0.9% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 326,430 | $6M | 0.8% | 2026-Q1 |
| Massar Capital Management, LP trimmed | 255,000 | $5M | 0.8% | 2026-Q1 |
| Wealthfront Advisers LLC added | 272,314 | $5M | 0.7% | 2026-Q1 |
| Haven Private, LLC added | 195,465 | $4M | 0.6% | 2026-Q1 |
| Rye Brook Capital LLC added | 192,060 | $4M | 0.6% | 2026-Q1 |
| TITLEIST ASSET MANAGEMENT, LLC added | 213,968 | $4M | 0.5% | 2026-Q1 |
| MATAURO, LLC added | 182,689 | $4M | 0.5% | 2026-Q1 |
| Trustees of Dartmouth College | 178,148 | $4M | 0.5% | 2026-Q1 |
| RBF Capital, LLC added | 200,001 | $3M | 0.5% | 2026-Q1 |
| Fielder Capital Group LLC added | 169,863 | $3M | 0.5% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 166,494 | $3M | 0.5% | 2026-Q1 |
| Vident Advisory, LLC new | 165,800 | $3M | 0.5% | 2026-Q1 |
| Verde Capital Management added | 164,312 | $3M | 0.4% | 2026-Q1 |
| Hunting Hill Global Capital, LLC trimmed | 140,000 | $3M | 0.4% | 2026-Q1 |
| Pasadena Private Wealth, LLC added | 131,722 | $3M | 0.4% | 2026-Q1 |
| Reliant Wealth Planning added | 121,870 | $2M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 117,628 | $2M | 0.3% | 2026-Q1 |
| Mariner, LLC trimmed | 116,833 | $2M | 0.3% | 2026-Q1 |
| Manatuck Hill Partners, LLC new | 120,000 | $2M | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 101,734 | $2M | 0.3% | 2026-Q1 |
| IronBridge Private Wealth, LLC new | 100,405 | $2M | 0.3% | 2026-Q1 |
| RPO LLC added | 80,800 | $2M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 80,266 | $2M | 0.2% | 2026-Q1 |
| Stonebrook Private Inc. added | 79,015 | $2M | 0.2% | 2026-Q1 |
| Smithfield Trust Co | 90,250 | $2M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 74,631 | $1M | 0.2% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 71,549 | $1M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 78,893 | $1M | 0.2% | 2026-Q1 |
| Graetz Wealth LLC new | 67,191 | $1M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 65,358 | $1M | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 62,748 | $1M | 0.2% | 2026-Q1 |
| RFG Advisory, LLC added | 62,301 | $1M | 0.2% | 2026-Q1 |
| MONECO ADVISORS, LLC trimmed | 68,596 | $1M | 0.2% | 2026-Q1 |
| BENJAMIN EDWARDS INC new | 58,660 | $1M | 0.2% | 2026-Q1 |
| Visionary Wealth Advisors added | 57,720 | $1M | 0.2% | 2026-Q1 |
| SURIENCE PRIVATE WEALTH LLC added | 64,988 | $1M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 54,876 | $1M | 0.2% | 2026-Q1 |
| Betterment LLC new | 54,477 | $1M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 54,050 | $1M | 0.2% | 2026-Q1 |
| Rede Wealth, LLC added | 53,251 | $1M | 0.2% | 2026-Q1 |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC added | 60,000 | $1M | 0.2% | 2026-Q1 |
| Intellectus Partners, LLC added | 59,853 | $1M | 0.2% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 50,046 | $994K | 0.1% | 2026-Q1 |
| Formidable Asset Management, LLC trimmed | 31,382 | $881K | 0.1% | 2026-Q1 |
| TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC | 50,917 | $869K | 0.1% | 2026-Q1 |
| Aristides Capital LLC added | 50,800 | $867K | 0.1% | 2026-Q1 |
| Aurora Private Wealth, Inc. added | 35,265 | $859K | 0.1% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD added | 42,316 | $840K | 0.1% | 2026-Q1 |
| Interchange Capital Partners, LLC added | 54,396 | $834K | 0.1% | 2026-Q1 |
| TigerOak Management, L.L.C. added | 48,300 | $824K | 0.1% | 2026-Q1 |
| PYA Waltman Capital, LLC trimmed | 48,232 | $823K | 0.1% | 2026-Q1 |
| Robertson Opportunity Capital, LLC trimmed | 41,164 | $818K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 47,236 | $806K | 0.1% | 2026-Q1 |
| Cooper Financial Group added | 39,693 | $788K | 0.1% | 2026-Q1 |
| ATX Financial Planning, LLC added | 39,480 | $784K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 4,536,214 | $178M | 26.4% | 2025-Q3 stale |
| Turner Capital Investments, LLC new | 623,267 | $36M | 5.4% | 2025-Q4 stale |
| Kedalion Capital Management LLP new | 460,630 | $18M | 2.7% | 2025-Q3 stale |
| MARSHALL WACE, LLP new | 400,000 | $16M | 2.3% | 2025-Q3 stale |
| DRW Securities, LLC added | 506,269 | $12M | 1.8% | 2025-Q4 stale |
| Parkwood LLC trimmed | 408,000 | $11M | 1.7% | 2025-Q4 stale |
| SCOGGIN MANAGEMENT LP added | 230,000 | $8M | 1.2% | 2025-Q3 stale |
| FARALLON CAPITAL MANAGEMENT LLC new | 228,340 | $6M | 1.0% | 2025-Q4 stale |
| Encompass More Asset Management added | 140,403 | $6M | 0.8% | 2025-Q3 stale |
| Farringdon Capital, Ltd. new | 102,854 | $4M | 0.6% | 2025-Q3 stale |
| Hudson Bay Capital Management LP | 104,306 | $4M | 0.5% | 2025-Q4 stale |
| SYNOVUS FINANCIAL CORP added | 99,549 | $3M | 0.5% | 2025-Q3 stale |
| BAROMETER CAPITAL MANAGEMENT INC. added | 130,500 | $3M | 0.4% | 2025-Q4 stale |
| Almitas Capital LLC | 89,557 | $3M | 0.4% | 2025-Q4 stale |
| Empowered Funds, LLC new | 54,390 | $2M | 0.3% | 2025-Q3 stale |
| Halter Ferguson Financial Inc. new | 75,371 | $2M | 0.3% | 2025-Q4 stale |
| EVERGREEN CAPITAL MANAGEMENT LLC trimmed | 72,860 | $2M | 0.3% | 2025-Q4 stale |
| Sterling Financial Group, Inc. added | 50,000 | $2M | 0.3% | 2025-Q3 stale |
| Everstar Asset Management, LLC new | 48,586 | $2M | 0.2% | 2025-Q3 stale |
| BECK CAPITAL MANAGEMENT, LLC trimmed | 56,391 | $2M | 0.2% | 2025-Q4 stale |
| MARATHON ASSET MANAGEMENT LP new | 100,000 | $2M | 0.2% | 2025-Q1 stale |
| Archer Investment Management, LLC trimmed | 53,070 | $1M | 0.2% | 2025-Q4 stale |
| Spahn Wealth & Retirement LLC trimmed | 52,816 | $1M | 0.2% | 2025-Q4 stale |
| RIVERSEDGE ADVISORS, LLC new | 36,250 | $1M | 0.2% | 2025-Q3 stale |
| LEE JOHNSON CAPITAL MANAGEMENT, LLC new | 36,024 | $1M | 0.2% | 2025-Q3 stale |
| WOLVERINE TRADING, LLC added | 36,939 | $1M | 0.2% | 2025-Q3 stale |
| Warm Springs Advisors Inc. | 30,000 | $1M | 0.2% | 2025-Q3 stale |
| Genesis Financial Group, LLC new | 42,905 | $1M | 0.2% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 41,080 | $1M | 0.1% | 2025-Q4 stale |
| Virtu Financial LLC trimmed | 27,724 | $950K | 0.1% | 2025-Q3 stale |
| Teamwork Financial Advisors, LLC added | 32,206 | $904K | 0.1% | 2025-Q4 stale |
| NWAM LLC added | 35,888 | $850K | 0.1% | 2025-Q4 stale |
| WESPAC Advisors, LLC new | 24,679 | $846K | 0.1% | 2025-Q3 stale |
| Bosman Wealth Management, LLC new | 23,245 | $797K | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.