BlackRock’s spot Ethereum ETF to undergo 1-for-3 reverse share split in October
The Block·
60-second summary
BlackRock's spot Ethereum ETF, ETHA, is set to undergo a 1-for-3 reverse share split in October, consolidating every three shares into one, thereby increasing the fund's per-share net asset value. This move aims to make the fund more attractive to institutional investors, potentially boosting its trading volume and liquidity in the market.
The split will consolidate every three ETHA shares into one, increasing the fund’s per-share net asset value.