Bloomberg ETF analyst Eric Balchunas said on X that BlackRock plans a 1-for-3 reverse split for ETHA, which would raise the share price from $14 to $42 in October. According to ChainCatcher, the move is intended to reduce trading costs from 7 basis points to about 2 basis points.

Balchunas added that ETF issuers view a 7-basis-point spread as a problem and aim to bring it down to around 2 basis points, while crypto exchanges charge about 140 basis points.