BlackRock’s rare ETHA reverse split is about to make trading Ethereum 70 times cheaper than Coinbase
BlackRock is preparing a one-for-three reverse split of its iShares Ethereum Trust ETF (ETHA), a structural change that will lift ETHA’s share price and could reduce its effective trading spread without changing the value of investors’ holdings. ETHA’s sponsor approved the reverse split on July 31, according to an SEC…
Coins in this story
Discussion
Related stories
Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes
Bitcoin sales, what is now a $4 billion cash reserve, and a $975 million repurchase program, have supported STRC’s recovery.
Ondo Finance hires former Blockchain.com CFO Adam Schlisman
The tokenized-assets firm appointed ex-Blockchain.com and Monashee executive as finance chief as it expands its onchain capital markets business.
Bitcoin miners’ AI pipelines are on trial as Texas freezes 474 GW of data center requests
Texas Gov. Greg Abbott ordered the Public Utility Commission and ERCOT to audit every data center project seeking a grid connection before regulators approve any new projects. The order puts AI infrastructure tied to Bitcoin miners under scrutiny, while the audit verifies each project's power sourcing, water use…