ISHARES ETHEREUM TR

Accumulation into price weakness defined the iShares Ethereum Trust ETF's (ETHA) Q2 2026 ownership data — across an institutional base of just $19.0 million and 48 reporting holders, a small, early-stage footprint dominated almost entirely by independent wealth managers and RIAs rather than large asset managers. Sterling Investment Advisors alone accounts for $5.2 million, or 27.5% of all institutional ownership, followed by Whitaker-Myers Wealth Managers (9.0%) and Corecam Pte. Ltd. (8.8%, unchanged this quarter). What stands out in the Q/Q data is a near-universal pattern: most top holders increased their share counts — MFG Wealth Management added 23.8% more shares, Tactive Advisors added 19.8%, and Strong Tower Advisory Services nearly doubled its position (+96.7%) — even as almost every position's dollar value fell, a signature of a stock or fund price declining faster than shares were being added. Seven brand-new holders (Security National Bank, SAX Wealth Advisors, GK Wealth Management and four others) opened positions this quarter, broadening the holder base even as the fund's total value slipped. Wealth Enhancement Advisory Services was the clearest seller, cutting its stake 41.2%.