BlackRock has filed with the U.S. Securities and Exchange Commission to execute a 1-for-3 reverse share split for its iShares Ethereum Trust ETF (ETHA) on October 6. The action will consolidate every three existing shares into one, lifting the per-share price from approximately $14 to $42 while leaving the fund’s net asset value and total assets unchanged.
Bloomberg Senior ETF Analyst Eric Balchunas noted that the move would slash trading costs from 7 basis points to around 2 basis points. “Gotta love how ETF issuers consider a 7bp spread a PROBLEM and is adjusting to cut it to 2bps,” he wrote on social media. The reduction aims to improve execution for institutional and retail traders alike.
As the largest spot ether ETF with over $5 billion in assets under management, ETHA plays a central role in BlackRock’s crypto product suite. The firm launched the non-staking version in 2024, and its iShares Staked Ethereum Trust ETF began trading in March 2026. The reverse split underscores BlackRock’s commitment to refining product efficiency amidst growing institutional demand for ethereum exposure.
