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BlackRock's Ethereum Trust to Undergo Reverse Split Amid Trading Spread Concerns

Guavy AI Editorial Team
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ETH
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BlackRock's Ethereum Trust (ETHA) is undergoing a 1-for-3 reverse split on October 6, reducing its share count and increasing its price. The move will not affect investor ownership or fund value, according to BlackRock. Analyst Eric Balchunas believes this adjustment could narrow the trading spread from 7 basis points (bps) to around 2 bps.

The largest U.S. spot Ether ETF has over $5 billion in assets under management and was down 0.14% in pre-market trade. The price of ETHA is expected to rise from $14 to $42 after the split, according to Balchunas.

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