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BlackRock pushes 1-for-3 reverse split for Ethereum ETF ETHA

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BLK Blackrock Inc
$1131.13 +0.40%
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  1. 1BlackRock (BLK) announced it will conduct a 1-for-3 reverse stock split on its spot Ethereum ETF ETHA
  2. 2The filing was submitted to the SEC on Tuesday and takes effect October 6; the share price will rise from $14 to $42, while net assets and share count remain unchanged
  3. 3As the largest spot Ethereum ETF with over $5 billion in assets under management, Bloomberg said the spread could narrow from 7 bp to roughly 2 bp

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