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BlackRock's Ethereum ETF drops 27% since launch ahead of 1-for-3 reverse split in Oct 2026

Market News
18 Sep 2026
Finbold
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Neutral
BlackRock's Ethereum ETF drops 27% since launch ahead of 1-for-3 reverse split in Oct 2026

BlackRock's iShares Ethereum Trust ETF (ETHA) has fallen nearly 27% since its July 2024 launch, mirroring a similar drop in Ethereum's price. To reduce trading friction and costs, BlackRock plans a 1-for-3 reverse share split in October 2026, cutting outstanding shares from about 468 million to 156 million. This split will reduce the number of shares held by investors but keep the total value unchanged. ETHA currently holds about 3.5 million ETH, representing nearly 3% of Ethereum's total supply, with significant daily trading volume and cash flow activity.

BlackRock's Ethereum ETF performance is noted here alongside Pluang's cryptocurrency market snapshot. For readers following crypto assets, as of Sep 19, 2026 00:02 WIB, 45 of 50 major cryptocurrencies on Pluang rose while 4 fell. Among notable movers, ADA (Cardano) gained 7.96% with a typical hold time of 126 days and a buy order activity of 59%, FIL (Filecoin) rose 7.65% with a 99-day hold time and 86% buy orders, and SAND (The Sandbox) increased 7.63% with a 123-day hold time and 96% buy orders.

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