According to Wu Blockchain, Bloomberg ETF analyst Eric Balchunas stated that BlackRock will implement a 3-for-1 reverse split for its spot Ethereum ETF, $ETHA, in October. The price is expected to rise from around $14 to $42, aiming to reduce the trading spread cost from approximately 7 basis points to 2 basis points. Balchunas noted that, in comparison, the trading costs for retail users on crypto platforms are typically around 40 to 150 basis points, with fees often higher for beginners. https://(wublock123.com)/news/blackrock-3-for-1-reverse-split-etha-october-trading-spread-2bps-65909