Bloomberg Analyst: Institutions Generally Reduce Ethereum ETF Holdings in Q4, Hedge Funds Become Major Sellers
Bloomberg ETF analyst James Seyffart stated that according to the 13F filings submitted to the SEC, most institutions reduced or liquidated their holdings in Ethereum spot ETFs in Q4 2025, with hedge funds being the most prominent sellers. He pointed out that since early October 2025, the basis between Ethereum futures and spot prices has significantly narrowed and remained low for an extended period, reducing arbitrage opportunities, which has become the main reason for hedge funds to cut positions. Overall, institutions were cautious about Ethereum ETFs in Q4 2025, with hedge funds emerging as the primary sellers amid weak basis conditions.
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Bloomberg Analyst: Institutions Generally Reduce Ethereum ETF Holdings in Q4, Hedge Funds Become Major Sellers
Bloomberg ETF analyst James Seyffart stated that according to the 13F filings submitted to the SEC, most institutions reduced or liquidated their holdings in Ethereum spot ETFs in Q4 2025, with hedge funds being the most prominent sellers.
He pointed out that since early October 2025, the basis between Ethereum futures and spot prices has significantly narrowed and remained low for an extended period, reducing arbitrage opportunities, which has become the main reason for hedge funds to cut positions.
Overall, institutions were cautious about Ethereum ETFs in Q4 2025, with hedge funds emerging as the primary sellers amid weak basis conditions.