Question 1

What percentage of ETH is owned by institutions?

Accepted Answer

Based on Q1 2026 13F filings, institutional ownership of Grayscale Ethereum Mini Trust ETF stands at 125.8%, held across 265 reporting institutions.

Question 2

Who is the largest institutional holder of ETH?

Accepted Answer

SUSQUEHANNA INTERNATIONAL GROUP, LLP is the largest reported institutional holder of ETH, with approximately 5,809,142 shares worth $0.12B as of Q1 2026.

Question 3

Is ETH a hedge fund favorite?

Accepted Answer

Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of ETH, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, RENAISSANCE TECHNOLOGIES LLC.

Question 4

What is ETH's Smart Money Score?

Accepted Answer

Our composite Smart Money Score for ETH is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

Question 5

How many institutions bought ETH this quarter?

Accepted Answer

48 institutions opened new positions in ETH during Q1 2026, while 68 fully exited. 34 added to existing positions and 178 trimmed.

Question 6

How is institutional ownership of ETH changing?

Accepted Answer

ETH institutional ownership rose by 15.44 percentage points quarter-over-quarter, with a net change of -20 holders.

Question 7

How concentrated is ETH ownership among the top holders?

Accepted Answer

The top 10 institutions account for 80.4% of all reported 13F value in ETH, and the top 25 account for 88.5%.

Question 8

Where does this ETH institutional ownership data come from?

Accepted Answer

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	SUSQUEHANNA INTERNATIONAL GROUP, LLP	5.8M	$115.4M	+142.6%	22.676%	0.01%
2	MORGAN STANLEY	4.8M	$94.7M	+17.8%	18.611%	0.01%
3	MANGROVE PARTNERS	3.6M	$70.6M	—	13.868%	5.71%
4	IMC-Chicago, LLC	2.3M	$44.8M	—	8.805%	0.68%
5	WOLVERINE ASSET MANAGEMENT LLC	1.4M	$27.4M	+46.7%	5.395%	0.46%
6	KALEIDOSCOPE CAPITAL LP	1.4M	$27.2M	+76.4%	5.349%	10.48%
7	Sloy Dahl & Holst, LLC	748K	$14.8M	+2.3%	2.918%	2.04%
8	HBK INVESTMENTS L P	311K	$6.2M	0.0%	1.214%	0.08%
9	Massar Capital Management, LP	255K	$5.1M	-28.5%	0.995%	0.94%
10	Haven Private, LLC	195K	$3.9M	+6.1%	0.763%	1.69%
11	MATAURO, LLC	183K	$3.6M	+45.0%	0.713%	0.52%
12	Trustees of Dartmouth College	178K	$3.5M	0.0%	0.695%	1.41%
13	Verde Capital Management	178K	$3.5M	+79.4%	0.695%	0.76%
14	Fielder Capital Group LLC	170K	$3.4M	+42.4%	0.663%	0.73%
15	RENAISSANCE TECHNOLOGIES LLC	166K	$3.3M	+13.7%	0.650%	0.01%
16	Vident Advisory, LLC	166K	$3.3M	—	0.647%	0.03%
17	Hunting Hill Global Capital, LLC	140K	$2.8M	—	0.546%	3.16%
18	Pasadena Private Wealth, LLC	132K	$2.6M	+9.2%	0.514%	0.37%
19	CAPTRUST FINANCIAL ADVISORS	124K	$2.5M	-9.8%	0.483%	0.00%
20	Reliant Wealth Planning	122K	$2.4M	+2.7%	0.476%	0.73%
21	HighTower Advisors, LLC	118K	$2.3M	-0.9%	0.459%	0.00%
22	Mariner, LLC	117K	$2.3M	-22.3%	0.456%	0.00%
23	LPL Financial LLC	102K	$2.0M	+85.2%	0.397%	0.00%
24	IronBridge Private Wealth, LLC	100K	$2.0M	—	0.392%	0.64%
25	Aries Wealth Management	94K	$1.9M	+42.9%	0.368%	0.41%

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	265	7.0%	125.79%	+15.44 pp	$510M	+14%
Q4 2025	285	+0.7%	110.35%	50.13 pp	$448M	31%
Q3 2025	283	+43%	160.48%	+100.82 pp	$651M	+169%
Q2 2025	198	+7.0%	59.66%	+39.60 pp	$242M	+197%
Q1 2025	185	+0.5%	20.06%	52.83 pp	$81M	72%
Q4 2024	184	—	72.89%	—	$296M	—

Grayscale Ethereum Mini Trust ETF (ETH) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of ETH

Quarterly Institutional Activity

ETH Institutional Ownership by Quarter

ETH — Frequently Asked Questions