BlackRock Ethereum ETF down 27% since launch ahead of reverse split
- —ETHA has fallen 26.78% from its debut price of $26.59 to $19.47
- —A 1-for-3 reverse split is scheduled for October 6, 2026
- —Share count will fall from 467.68 million to about 155.89 million
- —The fund holds 3.51 million ETH worth $8.6 billion — about 3% of supply
Why it matters: The split will reduce trading friction and spreads, but ETHA's weak performance reflects pressure on Ethereum since the fund's launch.
Source: Finbold