Bloomberg ETF analyst Eric Balchunas said in a post on X that BlackRock has announced a 1-for-3 reverse split for ETHA. According to his post, the move would lift the fund's price from $14 to $42 in October. Balchunas also said the change is expected to reduce trading costs from 7 basis points to about 2 basis points. He added that ETF issuers viewed a 7-basis-point spread as a problem and adjusted it to roughly 2 basis points. For comparison, he said crypto exchanges charge about 140 basis points. The update focuses on BlackRock's planned reverse split, the expected price adjustment for ETHA, and the change in trading costs cited by Balchunas in his social media post.
ChainCatcher reported that Bloomberg ETF analyst Eric Balchunas said in a post on X that BlackRock has announced a 1-for-3 reverse split for ETHA.
According to Balchunas, ETHA's price will rise from $14 to $42 in October. He said the move will cut trading costs from 7 basis points to about 2 basis points.
Balchunas added that ETF issuers saw a 7-basis-point spread as a problem and adjusted it to about 2 basis points, while crypto exchanges charge about 140 basis points.
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