BlackRock Ethereum ETF ETHA to conduct 1-for-3 reverse split on Oct. 6

BlackRock’s spot Ethereum ETF ETHA will carry out a one-for-three reverse stock split on Oct. 6, a move aimed at improving trading convenience. The split will reduce the number of shares outstanding and raise net asset value per share, while leaving investors’ total holdings unchanged, along with the fund’s total net assets of more than $5 billion. The measure is intended to lift the share price from around $14 and narrow the bid-ask spread to about 2 basis points from roughly 7 basis points. The change is a structural adjustment and does not directly affect Ethereum’s market price.