The Block (@TheBlockCo): THE BLOCK: BlackRock’s spot Ethereum ETF will undergo a 1-for-3 reverse share split in October.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- ETH+30Positive
THE BLOCK: BlackRock’s spot Ethereum ETF will undergo a 1-for-3 reverse share split in October. The $ETHA fund will consolidate every three shares, roughly tripling its per-share price. BlackRock's move could also reduce the "cost to trade" from 7bps to about 2bps, according to Bloomberg ETF Analyst Eric Balchunas.