BlackRock ETHA Reverse Split Cuts Trading Costs to 2 Basis Points

BlackRock executes 1-for-3 reverse split on ETHA, raising price to $42 and reducing trading costs from 7 to 2 basis points.

Woofun AI reports that BlackRock has announced a 1-for-3 reverse split for the ETHA ETF. The adjustment is expected to increase the share price from $14 to $42 in October. This structural change reduces trading costs from 7 basis points to approximately 2 basis points. ETF issuers identified the previous 7-basis-point spread as an issue and implemented this adjustment, contrasting with crypto exchanges that charge approximately 140 basis points.