BlackRock's iShares Ethereum Trust ETF (ETHA) has fallen 26.78% since its inception on July 23, 2024, trading at approximately $19.47 as of September 18, 2026, down from its debut price of $26.59.
The decline mirrors Ethereum's own performance during the period. ETH has dropped 25.76% since ETHA's launch, though the ETF has exhibited slightly higher volatility than the underlying asset.
Reverse Stock Split Details
BlackRock announced a 1-for-3 reverse share split for ETHA, scheduled for October 6, 2026. The move aims to reduce trading friction, narrow bid-ask spreads, and lower execution costs for investors by increasing the fund's nominal share price.
The reverse split will reduce ETHA's outstanding shares from 467.68 million to approximately 155.89 million. Shareholders will see their share count decrease by one-third, though the total value of their holdings will remain unchanged.
Fund Holdings and Inflows
As of the reporting date, ETHA holds 3.51 million ETH valued at approximately $8.6 billion, representing roughly 3% of Ethereum's total supply of 120.05 million ETH.
The fund has recorded $12.84 billion in cumulative net cash inflows. In the 24 hours prior to reporting, ETHA experienced $525.03 million in trading volume and $42.86 million in net cash outflow.
