BlackRock to Implement 1-for-3 Reverse Split for Ethereum ETF
BlackRock is set to execute a 1-for-3 reverse split of its iShares Ethereum Trust ETF (ETHA) in October. This move, approved by its sponsor, aims to increase the fund's per-share net asset value and make trading Ethereum through ETHA significantly cheaper compared to Coinbase.
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BlackRock’s rare ETHA reverse split is about to make trading Ethereum 70 times cheaper than Coinbase
BlackRock is preparing a one-for-three reverse split of its iShares Ethereum Trust ETF (ETHA), a structural change that will lift ETHA’s share price and could reduce its effective trading spread without changing the value of investors’ holdings. ETHA’s sponsor approved the reverse split on July 31, according to an SEC regulatory filing. Every three shares […] The post BlackRock’s rare ETHA reverse split is about to make trading Ethereum 70 times cheaper than Coinbase appeared first on CryptoSlate .
BlackRock’s spot Ethereum ETF to undergo 1-for-3 reverse share split in October
The split will consolidate every three ETHA shares into one, increasing the fund’s per-share net asset value.