iShares Ethereum Trust ETF Announces 1-for-3 Reverse Split

What Happened
iShares® Delaware Trust Sponsor LLC approved a 1-for-3 reverse split of iShares Ethereum Trust ETF (ETHA) shares on July 31, 2026. The Reverse Split will become effective at the open of business on October 6, 2026, with a record date of October 5, 2026, and shares will begin trading on a split‑adjusted basis on The Nasdaq Stock Market LLC. The split will combine each three outstanding shares into one share and will proportionately increase the net asset value (NAV) per share while leaving the total value of a shareholder’s investment and the Trust’s aggregate assets unchanged.

Key Details

• Sponsor: iShares® Delaware Trust Sponsor LLC approved the Reverse Split on July 31, 2026.
• Ratio & Dates: 1-for-3 reverse split; record date Oct 5, 2026; effective/open‑market trading Oct 6, 2026.
• Fractionals: No fractional shares will be issued; fractional interests will be redeemed for cash and paid to the shareholder’s brokerage account.
• Value Impact: The number of shares outstanding will decrease and NAV per share will increase proportionately; total investment value stays the same.

Why It Matters
For shareholders, the reverse split changes only the share count and per‑share price—your overall investment value in the Trust does not change. However, holders of positions that don’t divide evenly by three will receive cash for the fractional portion; those cash‑in‑lieu payments may have tax consequences. Shareholders should check with their broker for how cash redemptions will be handled and consult a tax advisor if needed. The filing does not state a reason for the Reverse Split.