[BlackRock Ethereum ETF to Undergo 1-for-3 Reverse Stock Split on October 6] According to The Block, BlackRock plans to implement a 1-for-3 reverse stock split for its Ethereum Trust ETF (ETHA) on October 6, consolidating every 3 shares into 1. This will increase the net asset value per share without altering the total value of investors' holdings or the fund's asset size. Bloomberg Senior ETF Analyst Eric Balchunas stated that this move will reduce trading costs from 7 basis points to approximately 2 basis points. ETHA is currently priced at around $14, down about 40% year-to-date. BlackRock's Ethereum ETF is the largest of its kind, managing assets exceeding $5 billion.