BlackRock: ETHA Reverse Split Cuts Spreads

BlackRock announced a 1-for-3 reverse split on $ETHA that lifts the share price from $14 to $42 in October, cutting the bid-ask spread from roughly 7bps to 2bps. The move highlights how ETF issuers treat even modest trading friction as a core problem while crypto exchanges routinely post 140bps costs. ETF analysts tracking BlackRock ETF reverse split impact note the adjustment improves liquidity metrics without altering underlying exposure. Market participants comparing ETHA trading costs reduction against broader digital-asset venues see a widening gap in execution efficiency. The change also feeds into ongoing crypto vs ETF spreads discussions that have intensified over the past year.