The BlackRock Ethereum Trust ETF (ETHA) is set to undergo a one-for-three reverse share split, effective October 6th. This move aims to lower trading costs and reduce them to approximately 2 basis points.
BlackRock manages the $5 billion ETHA fund, which was launched in 2024. The asset manager intends for the reversal of the share structure to minimise transaction fees. It is projected that the price per share will decrease significantly after implementation.
According to Bloomberg Senior ETF Analyst Eric Balchunas, the action reflects a shift towards lower trading costs within the exchange-traded fund market. He commented on social media regarding BlackRock’s consideration of a 7 basis point spread as an issue and its efforts to reduce this to 2 basis points.
The iShares Staked Ethereum Trust ETF began trading in March 2026, demonstrating a progression of investment products focused on exposure to Ethereum within the broader financial landscape. The current price of ETHA is approximately $14.
The planned reverse share split consolidates three existing shares into one new share, with the target cost to trade at 2 basis points. Previously, trading costs for ETHA were reported as 7 basis points. This shift reflects an ongoing trend within the ETF industry.
Written by Oliver Grant
Markets Desk
