BlackRock Ethereum ETF ETHA Reverse Split 3-for-1 Set for October 6

BlackRock's ETHA executes a 3-for-1 reverse split on October 6, raising NAV per share and cutting fees to 2bps, while fund AUM exceeds $5B.

Woofun AI reports that BlackRock will execute a 1-to-3 reverse split on its Ethereum trust ETF (ETHA) on October 6, merging three shares into one. This adjustment raises the net asset value per share without changing total investor holdings or fund size. Bloomberg senior ETF analyst Eric Balchunas stated this reduces transaction costs from 7 basis points to approximately 2 basis points. ETHA currently trades near $14, down roughly 40% year-to-date, within the largest Ethereum ETF managing over $5 billion in assets.