BlackRock's Price Cut Could Send Ethereum Soaring

Ethereum's price has been trading at $1,871.32, down 0.66% in the last 24 hours, with a tight band between $1,861.59 and $1,880.32.

The recent BlackRock move could be the catalyst that tips Ethereum's price either way.

BlackRock filed to effect a one-for-three reverse share split of its iShares Ethereum Trust ETF (ETHA) on October 6, consolidating three shares into one and reducing the bid-ask spread cost from approximately 7 basis points to 2 basis points.

This reduction in friction for institutional flow is a meaningful improvement to demand-side pressure on spot ETH.