Schonfeld Trims Ethereum ETF Stake by $174 Million

Edgen Crypto

·Mar 11 2026, 02:29

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Key Takeaways

Schonfeld Strategic Advisors has significantly reduced its exposure to the iShares Ethereum Trust ETF (ETHA), according to its latest 13F filing. The move, which involved the sale of over 3.4 million shares, suggests a strategic rebalancing or profit-taking by the institutional asset manager.

Major Sale: Schonfeld Strategic Advisors sold 3,437,760 shares of the iShares Ethereum Trust ETF (ETHA).
Position Reduction: The transaction, combined with price movements, decreased the firm's position value by $174.38 million.
Remaining Stake: The firm now holds 7,274,831 shares valued at $163.17 million, which now constitutes just 0.72% of its reported assets.

Schonfeld Liquidates Nearly a Third of Its ETHA Stake

Schonfeld Strategic Advisors LLC disclosed a significant reduction in its holdings of the iShares Ethereum Trust ETF (ETHA), selling 3,437,760 shares. The transaction, detailed in a regulatory filing on March 10, 2026, resulted in a $174.38 million decrease in the reported value of the firm's position. This sale accounted for 0.4% of Schonfeld's total 13F reportable assets under management, signaling a substantial re-evaluation of its Ethereum exposure.

Remaining $163M Position Falls to 0.72% of Portfolio

Following the sale, Schonfeld's remaining stake in ETHA consists of 7,274,831 shares, valued at $163.17 million. This new position size means the Ethereum ETF now represents just 0.72% of the fund's portfolio, placing it outside of the firm's top five holdings. Such a large sale from a sophisticated institutional investor could be interpreted by the market as a signal of profit-taking or a more bearish short-term outlook on Ether's price, potentially influencing other large investors to reassess their own positions as regulated crypto products mature.