The iShares Ethereum Trust ETF (ETHA) announced its sponsor has approved a one-for-three reverse split of its shares. The action is intended to increase the net asset value (NAV) per share by proportionately reducing the number of shares outstanding. The total value of a shareholder's investment will not be affected by the split.
Key Details
- Ratio: Every three existing shares will be combined into one new share.
- Effective Date: The reverse split will be effective at the open of business on October 6, 2026, with the shares trading on a split-adjusted basis.
- Fractional Shares: No fractional shares will be issued. Proportional fractional shares will be redeemed for cash, which may result in tax consequences for the shareholder.