BlackRock Plans 1-for-3 Reverse Split for Ethereum ETF

BlackRock’s iShares Ethereum Trust ETF (ETHA) began trading on Nasdaq on July 23, 2024, giving investors spot exposure to ether through brokerage accounts without directly holding the cryptocurrency. The product tracks the CME CF Ether-Dollar Reference Rate and charges a 0.25% sponsor fee. With net assets of about $5.42 billion as of July 24, 2026, ETHA is a major vehicle in the U.S. spot Ethereum ETF market.

BlackRock said ETHA will conduct a 1-for-3 reverse share split in October 2026, combining every three existing shares into one. Based on the fund’s roughly $14.03 price on Aug. 4, the adjustment would imply a post-split price near $42.09, while leaving each investor’s economic interest and the fund’s total value essentially unchanged. The higher nominal share price is intended to lift net asset value per share and may reduce percentage bid-ask spreads and per-share trading friction.