BLACKROCK'S SPOT ETHEREUM ETF TO DO 1-FOR-3 REVERSE SHARE SPLIT IN OCTOBER

Summary from the TLDR Crypto newsletter

BlackRock will consolidate every three ETHA shares into one on October 6, raising the fund's per-share NAV without changing investors' total holdings. Bloomberg's Eric Balchunas said the move should cut the trading spread from about 7bps to 2bps. ETHA remains the largest ETH ETF with over $5 billion AUM, though its price is down roughly 40% year-to-date alongside ether itself.