ETHW supply chain intelligence for Bitwise Ethereum ETF: verified suppliers, customers, debt relationships, acquisitions, and ownership data.
Data compiled by Redley Lamar · ChainSifter Intelligence
Bitwise Ethereum ETF (ETHW) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.
| Ticker | Name | Confidence | Evidence |
|---|---|---|---|
| B2C2-USA-INC | B2C2-USA-INC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| BANK-OF-NEW-YORK-MELLON | BANK-OF-NEW-YORK-MELLON | 90% | The Bank of New York Mellon (the “Administrator”) computes the NAV per-share by dividing the NAV of the Trust by the number of Shares outstanding on the date the computation is made. |
| COINBASE-INC | COINBASE-INC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| CUMBERLAND-DRW-LLC | CUMBERLAND-DRW-LLC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| FALCONX-D-B-A-SOLIOS-INC | FALCONX-D-B-A-SOLIOS-INC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| FLOW-TRADERS-B-V | FLOW-TRADERS-B-V | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| JSCT-LLC | JSCT-LLC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| NONCO-LLC | NONCO-LLC | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| VIRTU-FINANCIAL-SINGAPORE-PTE-LTD | VIRTU-FINANCIAL-SINGAPORE-PTE-LTD | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| WINTERMUTE-TRADING-LTD | WINTERMUTE-TRADING-LTD | 90% | As of December 31, 2025, B2C2 USA Inc., Coinbase, Inc., Cumberland DRW LLC, FalconX (d/b/a Solios, Inc.), Flow Traders B.V., JSCT, LLC, Nonco LLC, Virtu Financial Singapore Pte. Ltd., and Wintermute … |
| BLSH | Bullish | 72% | Reciprocal relationship from BLSH graph: Reciprocal relationship from ETHW graph: logy used to calculate the Pricing Index is deemed inconsistent with GAAP, the Trust utilizes an alternative GAAP-con… |
| BLSH | Bullish | 72% | logy used to calculate the Pricing Index is deemed inconsistent with GAAP, the Trust utilizes an alternative GAAP-consistent pricing source for purposes of the Trust’s periodic financial statements. … |
| Ticker | Name | Confidence | Evidence |
|---|---|---|---|
| BLSH | Bullish | 72% | logy used to calculate the Pricing Index is deemed inconsistent with GAAP, the Trust utilizes an alternative GAAP-consistent pricing source for purposes of the Trust’s periodic financial statements. … |
| BLSH | Bullish | 72% | Reciprocal relationship from BLSH graph: Reciprocal relationship from ETHW graph: logy used to calculate the Pricing Index is deemed inconsistent with GAAP, the Trust utilizes an alternative GAAP-con… |
| BITWISE-ASSET-MANAGEMENT-INC | BITWISE-ASSET-MANAGEMENT-INC | 62% | nd may determine in its sole discretion to assume legal fees and expenses of the Trust in excess of $ 500,000 per annum. The Sponsor also paid the costs of the Trust’s organization. Delaware Trust Co… |
| BULLISH-EUROPE-GMBH | BULLISH-EUROPE-GMBH | 62% | list addition or removal request is initiated, the initiating user will be prompted to authenticate its request using a two-factor authentication key. A consensus mechanism on the Coinbase Custody pl… |
| CELSIUS-NETWORK-VOYAGER-DIGITAL-LTD | CELSIUS-NETWORK-VOYAGER-DIGITAL-LTD | 62% | the Shares. The SEC, in March 2017, stated that digital asset exchanges currently lack the ability to enter into surveillance-sharing agreements with significant, regulated markets for trading in dig… |
| CF-BENCHMARKS-LTD | CF-BENCHMARKS-LTD | 62% | logy used to calculate the Pricing Index is deemed inconsistent with GAAP, the Trust utilizes an alternative GAAP-consistent pricing source for purposes of the Trust’s periodic financial statements. … |
| CME | CME Group Inc. | 62% | Reciprocal relationship from CME graph: Reciprocal relationship from ETHW graph: Reciprocal relationship from CME graph: Reciprocal relationship from ETHW graph: Reciprocal relationship from CME grap… |
| CME-GROUP | CME-GROUP | 62% | list addition or removal request is initiated, the initiating user will be prompted to authenticate its request using a two-factor authentication key. A consensus mechanism on the Coinbase Custody pl… |
| COINBASE-CUSTODY-TRUST-COMPANY-LLC | COINBASE-CUSTODY-TRUST-COMPANY-LLC | 62% | quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and input… |
| DELAWARE-TRUST-COMPANY | DELAWARE-TRUST-COMPANY | 62% | nd may determine in its sole discretion to assume legal fees and expenses of the Trust in excess of $ 500,000 per annum. The Sponsor also paid the costs of the Trust’s organization. Delaware Trust Co… |
| DIGITAL-ASSET-MARKET-FOURTH-LUKKA-INC | DIGITAL-ASSET-MARKET-FOURTH-LUKKA-INC | 62% | defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. The Trust only receives ether in connection with a cr… |
| EMERGING-GROWTH-COMPANY | EMERGING-GROWTH-COMPANY | 62% | e CFTC has determined that ether is a “commodity” under the CEA and the rules thereunder, it has jurisdiction to prosecute fraud and manipulation in the cash, or spot, market for ether. The CFTC has … |
| ETHEREUM-SWITZERLAND-GMBH | ETHEREUM-SWITZERLAND-GMBH | 62% | roker-dealers to engage in securities transactions. An Authorized Participant is under no obligation to create or redeem Baskets, and an Authorized Participant is under no obligation to offer to the … |
| FTX-TRADING-LTD | FTX-TRADING-LTD | 62% | the Shares. The SEC, in March 2017, stated that digital asset exchanges currently lack the ability to enter into surveillance-sharing agreements with significant, regulated markets for trading in dig… |
| INTERMARKET-SURVEILLANCE-GROUP | INTERMARKET-SURVEILLANCE-GROUP | 62% | odity Futures Trading Commission (“ CFTC”). The market for CFTC-regulated trading of ether derivatives has developed substantially. In 2024, regulated ether futures represented a total value of appro… |
| LMAX-GROUP | LMAX-GROUP | 62% | list addition or removal request is initiated, the initiating user will be prompted to authenticate its request using a two-factor authentication key. A consensus mechanism on the Coinbase Custody pl… |
| SECOND-LUKKA-INC | SECOND-LUKKA-INC | 62% | defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. The Trust only receives ether in connection with a cr… |
| SECURITIES-INVESTOR-PROTECTION-CORPORATION | SECURITIES-INVESTOR-PROTECTION-CORPORATION | 62% | ber of the FDIC or Securities Investor Protection Corporation (“SIPC”) and, therefore, investments in the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member insti… |
| THIRD-LUKKA-INC | THIRD-LUKKA-INC | 62% | defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. The Trust only receives ether in connection with a cr… |
| WORKING-GROUP | WORKING-GROUP | 62% | e CFTC has determined that ether is a “commodity” under the CEA and the rules thereunder, it has jurisdiction to prosecute fraud and manipulation in the cash, or spot, market for ether. The CFTC has … |
| Holder | Name | Confidence | Evidence |
|---|---|---|---|
| ETHW-OWNER-WELLS-FARGO-COMPANY-MN | WELLS FARGO & COMPANY/MN | 90% | 13F overlay lists WELLS FARGO & COMPANY/MN as top holder; 99 tracked holders. |
| Ticker | Name | Chain Index | Hops | Relationship Types |
|---|---|---|---|---|
| GSUI | Grayscale Sui Staking ETF | 100.00 | 2 | |
| SHG | Shinhan Financial Group Co., Ltd. | 100.00 | 2 | |
| BLBX | Blackboxstocks Inc | 100.00 | 2 | |
| BWOW | Bitwise Dogecoin ETF | 100.00 | 2 | |
| GXRP | Grayscale XRP Trust ETF | 100.00 | 2 | |
| RYDAF | Shell plc | 100.00 | 2 | |
| BITB | Bitwise Bitcoin ETF | 100.00 | 2 | |
| CME | CME Group Inc. | 100.00 | 1 | ['customer'] |
| BITW | Bitwise 10 Crypto Index Fund | 100.00 | 2 | |
| GSOL | Grayscale Solana Staking ETF | 100.00 | 2 | |
| BTCW | WisdomTree Bitcoin Fund | 100.00 | 2 | |
| GBTC | Grayscale Bitcoin Trust ETF | 100.00 | 2 | |
| LAC | Lithium Americas Corp. | 100.00 | 2 | |
| TWOD | Two Harbors Investment Corp. | 100.00 | 2 | |
| CMBT | Cmb.Tech NV | 100.00 | 2 | |
| CRMZ | CreditRiskMonitor.com, Inc. | 100.00 | 2 | |
| XYF | X Financial | 100.00 | 2 | |
| BSOL | Bitwise Solana Staking ETF | 100.00 | 2 | |
| ETH | Grayscale Ethereum Mini Trust ETF | 100.00 | 2 | |
| GLNK | Grayscale Chainlink Trust ETF | 100.00 | 2 |