According to The Block, BlackRock plans to implement a 1-for-3 reverse stock split for the Ethereum Trust ETF (ETHA) on October 6, consolidating three shares into one, thereby increasing the net asset value per share without changing the total value of investors’ holdings or the fund’s total assets. Eric Balchunas, Senior ETF Analyst at Bloomberg, stated that this will reduce trading costs from 7 basis points to approximately 2 basis points. ETHA is currently trading at around $14, down about 40% this year. BlackRock’s Ethereum ETF manages over $5 billion in assets.
BlackRock to Implement a 1-for-3 Reverse Stock Split for ETHA on October 6
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Summary
BlackRock is set to execute a 1-for-3 reverse stock split for its Ethereum Trust ETF (ETHA) on October 6. The move will consolidate three shares into one, increasing the net asset value per share without altering total holdings or the fund’s overall size. Bloomberg’s Eric Balchunas noted that trading costs will fall from 7 to approximately 2 basis points. ETHA currently trades near $14, down roughly 40% year-to-date. On-chain data shows the fund holds over $5 billion in assets. Investors monitoring altcoins to watch may see ETHA’s structural shift influence broader market dynamics.
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