BlackRock’s spot Ethereum ETF to undergo 1-for-3 reverse share split in October
BlackRock plans to implement a one-for-three reverse share split for its Ethereum Trust ETF on Oct. 6, according to a filing with the U.S. Securities and Exchange Commission.
The split will consolidate every three ETHA shares into one, increasing the fund’s per-share net asset value without changing the value of investors’ holdings or the fund’s assets, the filing said.
Although the asset manager did not explain the move, the price adjustment per share should make trading ETHA cheaper, as suggested by Balchunas.
Like Ethereum, ETHA's price is down about 40% year-to-date, changing hands at about $14 on Tuesday.
As with spot bitcoin ETF, BlackRock's ETH exchange-traded fund is by far the largest, with assets under management of over $5 billion. Grayscale's Ethereum fund is the market's second-largest ETH-based fund.
BlackRock launched ETHA, its non-staking ether fund, in 2024. The firm also issues the iShares Staked Ethereum Trust ETF, which began trading in March 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EUR/GBP Price Forecast: Bounces up from 0.8530 with the bearish trend intact
Euro: Political stress and limited FX reaction – Commerzbank
French budget and election risks weigh heavily, euro posts its worst monthly performance in over a year, hedge funds increase short positions accordingly
As political and fiscal risks continue to escalate in France, hedge funds are aggressively buying options to bet on a decline in the euro against the US dollar in order to profit.
Crypto prices
More
