BlackRock Announces 1:3 Reverse Stock Split for ETHA, Trading Costs Significantly Reduced

TechFlow reports, August 5, Bloomberg senior ETF analyst Eric Balchunas (@EricBalchunas) revealed in a post that BlackRock announced it will implement a 1:3 reverse stock split on its Ethereum spot ETF $ETHA, expected to be executed in October, at which time the share price will rise from approximately $14 to $42, and the bid-ask spread cost will be compressed from approximately 7 basis points to approximately 2 basis points. Balchunas also pointed out that compared to the trading fees on cryptocurrency exchanges that start at 140 basis points, the awareness of fee control in the ETF market is significantly stronger, and the gap between the two is huge.